Southern Estates Holdings Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06257125 (England and Wales)

SOUTHERN ESTATES HOLDINGS LIMITED

ABBREVIATED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J A Bassom

SECRETARY:

Miss C Bassom

REGISTERED OFFICE:

Unit P Orchard Business Centre

St Barnabas Close

Allington

Maidstone

Kent

ME16 0JZ

REGISTERED NUMBER:

06257125 (England and Wales)

ACCOUNTANTS:

Perrys Accountants Limited

Chartered Accountants

44 High Street

Snodland

Kent

ME6 5DA

FIXED ASSETS

Tangible assets

2

29,760

39,389

Investments

3

12

12

Investment property

4

2,097,138

1,675,182

2,126,910

1,714,583

CURRENT ASSETS

Debtors

2,052

3,526

Cash at bank

2,881

10,111

4,933

13,637

CREDITORS

Amounts falling due within one year

323,991

112,479

NET CURRENT LIABILITIES

(319,058

)

(98,842

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,807,852

1,615,741

CREDITORS

Amounts falling due after more than one year

1,067,760

1,124,729

NET ASSETS

740,092

491,012

CAPITAL AND RESERVES

Called up share capital

5

50,016

50,016

Revaluation reserve

421,956

-

Profit and loss account

268,120

440,996

SHAREHOLDERS' FUNDS

740,092

491,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 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 30 June 2014 and were signed by:

J A Bassom - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Southern Estates Holdings Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company

has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated

financial statements.

Turnover

Turnover represents net invoiced sales of services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

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 timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2012

77,977

Additions

291

At 31 October 2013

78,268

DEPRECIATION

At 1 November 2012

38,588

Charge for year

9,920

At 31 October 2013

48,508

NET BOOK VALUE

At 31 October 2013

29,760

At 31 October 2012

39,389

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 November 2012

and 31 October 2013

12

NET BOOK VALUE

At 31 October 2013

12

At 31 October 2012

12

The company's investments at the balance sheet date in the share capital of companies include the

following:

ABS South Eastern Limited

Nature of business: Building and maintenance contracts

%

Class of shares:

holding

Ordinary

100.00

2013

2012

£

£

Aggregate capital and reserves

32,398

4,384

Profit for the year

28,014

22,618

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 November 2012

1,675,182

Revaluations

421,956

At 31 October 2013

2,097,138

NET BOOK VALUE

At 31 October 2013

2,097,138

At 31 October 2012

1,675,182

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 2013 2012

value: £ £

50,008 Ordinary 1 50,008 50,010

2 Ordinary A 1 2 2

2 Ordinary B 1 2 2

2 Ordinary C 1 2 2

1 Ordinary D 1 1 0

1 Ordinary E 1 1 0

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES