Temvale Limited - Limited company accounts 11.4

REGISTERED NUMBER: 03527197 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 June 2014

for

Temvale Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

C Seeds

A G Fernback

SECRETARY:

S Jones

REGISTERED OFFICE:

2 Leonard Place

Westerham Road

Keston

Kent

BR2 6HQ

REGISTERED NUMBER:

03527197 (England and Wales)

The directors present their report with the financial statements of the company for the year ended 30 June 2014.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of development and management of investment

property.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2013 to the date of this report.

C Seeds

A G Fernback

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

C Seeds - Director

30 March 2015

TURNOVER

89,261

81,372

Cost of sales

5,595

11,167

GROSS PROFIT

83,666

70,205

Administrative expenses

22,833

31,472

OPERATING PROFIT and

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

60,833

38,733

Tax on profit on ordinary activities

3

11,224

6,597

PROFIT FOR THE FINANCIAL YEAR

49,609

32,136

FIXED ASSETS

Tangible assets

4

1,430,000

CURRENT ASSETS

Debtors

5

307,262

304,751

Cash at bank

6,679

(15,450

)

313,941

289,301

CREDITORS

Amounts falling due within one year

6

42,946

52,629

NET CURRENT ASSETS

270,995

236,672

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,700,995

1,666,672

CREDITORS

Amounts falling due after more than one
year

7

242,309

257,595

NET ASSETS

1,458,686

1,409,077

CAPITAL AND RESERVES

Called up share capital

8

2

Revaluation reserve

9

715,767

Profit and loss account

9

742,917

693,308

SHAREHOLDERS' FUNDS

1,458,686

1,409,077

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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 30 March 2015 and were signed on its behalf by:

A G Fernback - Director

1.	ACCOUNTING POLICIES

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 represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Deferred tax

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

sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

30.6.14

30.6.13

£

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

30.6.14

30.6.13

£

Current tax:

UK corporation tax

11,224

6,597

Tax on profit on ordinary activities

11,224

6,597

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 July 2013

and 30 June 2014

1,430,000

NET BOOK VALUE

At 30 June 2014

1,430,000

At 30 June 2013

1,430,000

5.

DEBTORS

30.6.14

30.6.13

£

Amounts falling due within one year:

Trade debtors

1,813

2,597

Other debtors

6,660

(325

)

8,473

2,272

Amounts falling due after more than one year:

Other debtors

298,789

302,479

Aggregate amounts

307,262

304,751

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.14

30.6.13

£

Trade creditors

14,567

2,747

Tax

11,224

32,275

Social security and other taxes

7,602

4,767

Tenant Deposits

9,553

9,203

Accruals and deferred income

-

3,637

42,946

52,629

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.6.14

30.6.13

£

Bank loans - 1-2 years

242,309

257,595

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

1

Ordinary

£1

2

9.

RESERVES

Profit

and loss

Revaluation

account

reserve

Totals

£

At 1 July 2013

693,308

715,767

1,409,075

Profit for the year

49,609

At 30 June 2014

742,917

715,767

1,458,684