Sion Developments Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05010426 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 SEPTEMBER 2012 TO 28 FEBRUARY 2014

FOR

SION DEVELOPMENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J C G Dellow

R H Sawyer

Mrs S J Sawyer

SECRETARY:

R H Sawyer

REGISTERED OFFICE:

The Moravian Church

86 Coronation Avenue

Bath

BA2 2JP

REGISTERED NUMBER:

05010426 (England and Wales)

ACCOUNTANTS:

Graham Barber Accountancy Limited

4 Beaufort West

Bath

BA1 6QB

BANKERS:

National Westminster Bank plc

39 Milsom Street

Bath

BA1 1DS

SOLICITORS:

Mogers

24 Queen Square

Bath

BA1 2HY

FIXED ASSETS

Tangible assets

2

1,774

2,366

CURRENT ASSETS

Debtors

3

1,344,442

1,451,888

Cash at bank

9,744

237

1,354,186

1,452,125

CREDITORS

Amounts falling due within one year

4

94,790

135,948

NET CURRENT ASSETS

1,259,396

1,316,177

TOTAL ASSETS LESS CURRENT LIABILITIES

1,261,170

1,318,543

CREDITORS

Amounts falling due after more than one year

1,251,084

1,290,452

NET ASSETS

10,086

28,091

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Profit and loss account

9,086

27,091

SHAREHOLDERS' FUNDS

10,086

28,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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 28 May 2015 and were signed on its behalf by:

J C G Dellow - 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).

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

No depreciation is provided on freehold land, which is represented by the capitalised value of ground rents

receivable.

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 September 2012

and 28 February 2014

29,215

DEPRECIATION

At 1 September 2012

26,849

Charge for period

592

At 28 February 2014

27,441

NET BOOK VALUE

At 28 February 2014

1,774

At 31 August 2012

2,366

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 1,230,612 (2012 - £ 1,264,835 )

4.

CREDITORS

Creditors include an amount of £ 65,000 (2012 - £ 78,053 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2012

value:

£

£

1,000

Ordinary

£1

1,000

1,000