Star Hill Properties Limited - Limited company - abbreviated

REGISTERED NUMBER: 07802779 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

FOR

STAR HILL PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Bailey

A Brownlow

B J Pain

REGISTERED OFFICE:

37 Star Hill

Rochester

Kent

ME1 1XF

REGISTERED NUMBER:

07802779 (England and Wales)

ACCOUNTANTS:

Williams Giles Limited

Chartered Accountants

12 Conqueror Court

Sittingbourne

Kent

ME10 5BH

FIXED ASSETS

Tangible assets

2

33,225

44,300

Investment property

3

720,541

753,766

764,841

CURRENT ASSETS

Debtors

19,572

22,332

Cash at bank

20,437

35,640

40,009

57,972

CREDITORS

Amounts falling due within one year

4

68,163

67,706

NET CURRENT LIABILITIES

(28,154

)

(9,734

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

725,612

755,107

CREDITORS

Amounts falling due after more than one
year

4

(737,835

)

(764,889

)

PROVISIONS FOR LIABILITIES

(5,531

)

(5,531

)

NET LIABILITIES

(17,754

)

(15,313

)

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

(17,854

)

(15,413

)

SHAREHOLDERS' FUNDS

(17,754

)

(15,313

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 March 2015 and were signed on its behalf by:

B J Pain - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis because the directors have formed a judgement, at the

time of approving the financial statements, that it is appropriate to adopt this basis. The company is dependent of

the support of its directors and shareholders. The company is supported by a loan from Rochester Independent

College Limited as detailed in note 13.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises of revenue recognised by the company in respect of rental income during the year, exclusive

of Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

61,310

DEPRECIATION

At 1 July 2013

17,010

Charge for year

11,075

At 30 June 2014

28,085

NET BOOK VALUE

At 30 June 2014

33,225

At 30 June 2013

44,300

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 July 2013

and 30 June 2014

720,541

NET BOOK VALUE

At 30 June 2014

720,541

At 30 June 2013

720,541

4.

CREDITORS

Creditors include an amount of £ 23,361 (2013 - £ 41,583 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary

1

100

Star Hill Properties Limited - Limited company - abbreviated - 11.6

Star Hill Properties Limited - Limited company - abbreviated - 11.6