Shelton Park Properties - 10 Western Terrace Limited - Period Ending 2014-12-31

31 December 2014

Ordinary of £1 each

SHELTON PARK PROPERTIES - 10 WESTERN TERRACE LIMITED - Company Information

Registration number: 09112983

Shelton Park Properties - 10 Western Terrace Limited

Unaudited Abbreviated Accounts

for the Period from 2 July 2014 to 31 December 2014

RWB CA Limited
Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

Shelton Park Properties - 10 Western Terrace Limited
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 3

Shelton Park Properties - 10 Western Terrace Limited
(Registration number: 09112983)
Abbreviated Balance Sheet at 31 December 2014

	Note	31 December 2014 £
Fixed assets
Tangible fixed assets	2	189,578
Current assets
Debtors		4,001
Creditors: Amounts falling due within one year		(190,836)
Net current liabilities		(186,835)
Net assets		2,743
Capital and reserves
Called up share capital	3	1
Profit and loss account		2,742
Shareholders' funds		2,743

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 September 2015 and signed on its behalf by:

.........................................
Mrs A E Shelton
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Shelton Park Properties - 10 Western Terrace Limited
Notes to the Abbreviated Accounts for the Period from 2 July 2014 to 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Leasehold property	Not provided

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of leasehold investment properties where the lease has over 20 years to run. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore 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 which might otherwise have been shown cannot be separately identified or quantified.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Shelton Park Properties - 10 Western Terrace Limited
Notes to the Abbreviated Accounts for the Period from 2 July 2014 to 31 December 2014
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
Additions	189,578	189,578
At 31 December 2014	189,578	189,578
Depreciation
At 31 December 2014	-	-
Net book value
At 31 December 2014	189,578	189,578

3	Share capital

Allotted, called up and fully paid shares

New shares allotted

During the period 1 Ordinary having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1.

Control

The company is controlled by Shelton Park Properties Limited. The ultimate controlling party is Mr D E Shelton and Mrs A E Shelton.

Page 3