Harefield Place Properties Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04780378 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2013

FOR

HAREFIELD PLACE PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr R S Khan

REGISTERED OFFICE:

First Floor Roxburghe House

273-287 Regent Street

London

W1B 2HA

REGISTERED NUMBER:

04780378 (England and Wales)

ACCOUNTANTS:

Goodmen

Chartered Certified Accountants

10

Crawford Place

London

W1H 5NF

FIXED ASSETS

Investment property

2

9,228,641

9,228,641

CURRENT ASSETS

Debtors

-

265,420

Cash at bank and in hand

603

4

603

265,424

CREDITORS

Amounts falling due within one year

2,814,527

2,755,578

NET CURRENT LIABILITIES

(2,813,924

)

(2,490,154

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,414,717

6,738,487

CREDITORS

Amounts falling due after more than one year

3

4,510,000

4,641,577

NET ASSETS

1,904,717

2,096,910

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

1,904,716

2,096,909

SHAREHOLDERS' FUNDS

1,904,717

2,096,910

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 19 August 2014 and were signed by:

Mr R S Khan - 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.

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.

The investment property is shown at its market value. The surplus or deficit arising from its revaluation is

transferred to the revaluation reserve unless a deficit, or its reversal, is expected to be permanent, in which case it

is recognised in the profit and loss account for the year.

This is in accordance with the FRSSE which, unlike the companies Act 2006, does not require depreciation of

Investment properties. The investment property is held for its investment potential and not for use by the

company and so its current value is of prime importance. The departure from the provision of the Act is required

in order to give a true and fair view.

Deferred tax

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

sheet date.

Going concern

The accounts are prepared on a going concern basis and on the assumption of continued support from director

and the renewal of the bank facilities in place.

Tangible fixed assets

All the fixed assets are initially recorded at cost.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 June 2012

and 31 May 2013

9,228,641

NET BOOK VALUE

At 31 May 2013

9,228,641

At 31 May 2012

9,228,641

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2013

2012

£

£

Repayable otherwise than by instalments

4,510,000

4,641,577

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

Ordinary Shares

£1

1

1

5.	GOING CONCERN

The director has considered the use of going concern basis in the preparation of the financial statements. The

company remains profitable and the director is confident that the loan facility shall be renewed on a similar terms.