Abbreviated Company Accounts - COLSTON PROPERTY PARTNERS LIMITED

FLORAL STREET PROPERTY PARTNERS LIMITED - Company Information

05525947 COLSTON PROPERTY PARTNERS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 05525947 2014-04-01 2015-03-31 05525947 2015-03-31 05525947 2014-03-31 05525947 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 05525947 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 05525947

COLSTON PROPERTY PARTNERS LIMITED

Abbreviated Accounts

31 March 2015

COLSTON PROPERTY PARTNERS LIMITED Registered Number 05525947

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,805,497	3,805,497
Investments	3	36,547,027	36,547,027
		40,352,524	40,352,524
Current assets
Debtors		994,010	718,888
Cash at bank and in hand		4,148,996	3,463,171
		5,143,006	4,182,059
Prepayments and accrued income		298,156	87,671
Creditors: amounts falling due within one year		(192,685)	(138,952)
Net current assets (liabilities)		5,248,477	4,130,778
Total assets less current liabilities		45,601,001	44,483,302
Total net assets (liabilities)		45,601,001	44,483,302
Capital and reserves
Called up share capital	4	43,481	43,481
Share premium account		32,553,019	32,553,019
Revaluation reserve		734,995	734,995
Profit and loss account		12,269,506	11,151,807
Shareholders' funds		45,601,001	44,483,302

For the year ending 31 March 2015 the company was entitled to exemption 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 4 September 2015

And signed on their behalf by:
Mr J M Morley, Director

COLSTON PROPERTY PARTNERS LIMITED Registered Number 05525947

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents rental and service charge income from freehold property held by the company.

Tangible assets depreciation policy
Depreciation is not provided on investment properties. This treatment, as regards certain of the company's investment properties, may depart from the requirements of the Companies Act concerning 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 is therefore necessary for the financial statements to give and true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Valuation information and policy
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to the revaluation reserve.

Other accounting policies
Preparation of consolidated financial statements - The financial statements contain information about Colston Property Partners Limited as an individual company and do not contain consolidated financial information as the parent of the group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated finanicial statements.
Related party exemption - The company has taken advantage of exemption under the terms of FRS8 not to disclose related party transactions with wholly owned subsidiaries within the group.
Deferred tax - Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Foreign currencies - Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.
Assurance review - The abbreviated accounts have been prepared from the company's full annual financial statements which have been subject to an Assurance Review Engagement complying with IACEW TR09/13 AAF and with ISRE 2400.

2Tangible fixed assets

	£
Cost
At 1 April 2014	3,805,497
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	3,805,497
Depreciation
At 1 April 2014	-
Charge for the year	-
On disposals	-
At 31 March 2015	-
Net book values
At 31 March 2015	3,805,497
At 31 March 2014	3,805,497

3Fixed assets Investments
There were no changes to fixed assets during the year.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
43,481 Ordinary shares of £1 each	43,481	43,481