S.A.N. Properties Limited - Limited company - abbreviated

REGISTERED NUMBER: 04257233 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2014

for

S.A.N. Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Toon

S Toon

A Toon

N Toon

REGISTERED OFFICE:

The Old Bank Chambers

27 Lincoln Croft

Shenstone

Staffordshire

WS14 0ND

REGISTERED NUMBER:

04257233 (England and Wales)

ACCOUNTANTS:

Sterling Financial Accountancy and Tax Limited

The Old Bank Chambers

27 Lincoln Croft

Shenstone

Staffordshire

WS14 0ND

FIXED ASSETS

Tangible assets

2

6,858

10,287

Investment property

3

167,797

320,580

174,655

330,867

CURRENT ASSETS

Debtors

30,521

749

Cash at bank

8,504

1

39,025

750

CREDITORS

Amounts falling due within one year

133,178

184,981

NET CURRENT LIABILITIES

(94,153

)

(184,231

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

80,502

146,636

CREDITORS

Amounts falling due after more than one
year

-

66,841

NET ASSETS

80,502

79,795

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

80,501

79,794

SHAREHOLDERS' FUNDS

80,502

79,795

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 15 May 2015 and were signed on its behalf by:

J Toon - 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 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.

Plant and machinery etc

-

20% on cost

Investment property

Investment properties are revalued annually. Surpluses or deficits on individual properties are transferred to the

investment revaluation reserve, except that a deficit which is expected to be permanent and which is in excess of

any previously recognised surplus over cost relating to the same property, or the reversal of such a deficit, is

charged (or credited) to the profit and loss account. Depreciation is not provided in respect of freehold

investment properties, or in respect of leasehold investment properties where the unexpired term of the lease is

more than 20 years. The directors consider that this accounting policy, which represents a departure from the

statutory accounting rules, is necessary to provide a true and fair view as required under SSAP 19 "Accounting

for investment properties". The financial effect of the departure from the statutory accounting rules is not

material.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

17,145

DEPRECIATION

At 1 October 2013

6,858

Charge for year

3,429

At 30 September 2014

10,287

NET BOOK VALUE

At 30 September 2014

6,858

At 30 September 2013

10,287

3.	INVESTMENT PROPERTY

The directors have re-valued the properties at their estimated value on 30 September each year.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

1

Ordinary

£1.00

1

S.A.N. Properties Limited - Limited company - abbreviated - 11.6

S.A.N. Properties Limited - Limited company - abbreviated - 11.6