Sibley Property Company Limited - Limited company - abbreviated

REGISTERED NUMBER: 00655448 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Sibley Property Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A W H Sibley

SECRETARY:

A W H Sibley

REGISTERED OFFICE:

Estate Office

Greenways Court

Butts Green Road

Hornchurch

Essex

RM11 2JL

REGISTERED NUMBER:

00655448 (England and Wales)

ACCOUNTANTS:

Richard Croucher & Co Limited

Chartered Certified Accountants

Burrs Hill Staplehurst Raod

Marden

Tonbridge

Kent

TN12 9BS

FIXED ASSETS

Tangible assets

2

6,594

10,244

Investment property

3

700,010

706,604

710,254

CURRENT ASSETS

Debtors

34,006

2,636

Cash at bank

5,932

49,637

39,938

52,273

CREDITORS

Amounts falling due within one year

13,938

14,354

NET CURRENT ASSETS

26,000

37,919

TOTAL ASSETS LESS CURRENT
LIABILITIES

732,604

748,173

PROVISIONS FOR LIABILITIES

1,334

2,064

NET ASSETS

731,270

746,109

CAPITAL AND RESERVES

Called up share capital

4

1,000

Revaluation reserve

625,017

Profit and loss account

105,253

120,092

SHAREHOLDERS' FUNDS

731,270

746,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 8 May 2015 and were signed by:

A W H Sibley - 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 comprises of rents received from freehold property.

Tangible fixed assets

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

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

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 timing differences that have originated but not reversed at the balance

sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or

a right to pay less or to receive more, tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed

assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent

that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no

provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not

that the taxable gain will be rolled over into replacement assets an charged to tax only where the replacement

assets are sold;

Provision is made for deferred tax that would arise on remittance of the retained earnings of overseas

subsidiaries, associates and joint ventures only to the extent that, at the balance sheet date, dividends have been

accrued as receivable;

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that

there will be suitable taxable profits from which the future reversal of the underlying timing differences can be

deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in periods in which

timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

21,265

DEPRECIATION

At 1 April 2014

11,021

Charge for year

3,650

At 31 March 2015

14,671

NET BOOK VALUE

At 31 March 2015

6,594

At 31 March 2014

10,244

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2014

and 31 March 2015

700,010

NET BOOK VALUE

At 31 March 2015

700,010

At 31 March 2014

700,010

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

1,000

Ordinary

1

1,000

Sibley Property Company Limited - Limited company - abbreviated - 11.6

Sibley Property Company Limited - Limited company - abbreviated - 11.6