S_J_STANTON_AND_SONS_(PRO - Accounts

S.J.STANTON & SONS (PROPERTIES) LIMITED - Company Information

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Company Registration No. 00432359 (England and Wales)

S J STANTON AND SONS (PROPERTIES) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

S J STANTON AND SONS (PROPERTIES) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

S J STANTON AND SONS (PROPERTIES) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

700,000

Current assets

Debtors

9,897

9,492

Cash at bank and in hand

89,745

82,857

99,642

92,349

Creditors: amounts falling due within one year

(22,516)

(32,705)

Net current assets

77,126

59,644

Total assets less current liabilities

777,126

759,644

Capital and reserves

Called up share capital

15,068

Revaluation reserve

628,507

Profit and loss account

133,551

116,069

Shareholders' funds

777,126

759,644

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 May 2015

Mrs J A Twist

Mr C J Davies

Director

Company Registration No. 00432359

S J STANTON AND SONS (PROPERTIES) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable from the rental of property.

1.4

Tangible fixed assets and depreciation

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.5

Revaluation reserve

As permitted by SSAP 19 revaluation surpluses and deficits on investment properties are transferred to an investment revaluation reserve. If the total of that reserve is insufficient to cover a deficit, the amount by which the deficit exceeds the amount in that reserve will be charged to the profit and loss account.

Fixed assets

Tangible assets

Cost or valuation

At 1 January 2014 & at 31 December 2014

700,000

At 31 December 2013

700,000

Share capital

2014

2013

Allotted, called up and fully paid

15,068 Ordinary shares of £1 each

15,068