Abbreviated Company Accounts - SANDMOOR PROPERTIES LIMITED

SANDMOOR PROPERTIES LIMITED - Company Information

07935508 SANDMOOR PROPERTIES LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 07935508 2014-03-01 2015-02-28 07935508 2015-02-28 07935508 2014-02-28 07935508 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 07935508 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 07935508

SANDMOOR PROPERTIES LIMITED

Abbreviated Accounts

28 February 2015

SANDMOOR PROPERTIES LIMITED Registered Number 07935508

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	4,203,663	4,205,425
Investments	3	6	6
		4,203,669	4,205,431
Current assets
Debtors		6,448	9,389
Cash at bank and in hand		284,393	156,501
		290,841	165,890
Creditors: amounts falling due within one year		(185,649)	(192,105)
Net current assets (liabilities)		105,192	(26,215)
Total assets less current liabilities		4,308,861	4,179,216
Creditors: amounts falling due after more than one year		(825,370)	(834,682)
Provisions for liabilities		(2,661)	(3,013)
Total net assets (liabilities)		3,480,830	3,341,521
Capital and reserves
Called up share capital	4	1	1
Revaluation reserve		1,384,566	1,384,566
Profit and loss account		2,096,263	1,956,954
Shareholders' funds		3,480,830	3,341,521

For the year ending 28 February 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 16 October 2015

And signed on their behalf by:
P J Rider, Director

SANDMOOR PROPERTIES LIMITED Registered Number 07935508

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards.

Turnover policy
Turnover represents gross rental income receivable

Tangible assets depreciation policy
Depreciation of tangible assets is provided on cost or valuation less estimated residual value over their estimated useful lives. The annual rates and methods of depreciation are as follows:-
Motor vehicles - 25% reducing balance
Plant and machinery - 20% straight line

Investment properties
The freehold investment property is revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve.

No depreciation is provided in respect of freehold investment property.

The directors consider that this accounting policy results in the accounts giving a true and fair view. Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Valuation information and policy
Fixed asset investments are stated at cost less any provision for diminution in value.

Other accounting policies
Cash flow statement
The company qualifies as a small company under the Companies Act 2006. The director has elected to take advantage of the exemption under FRS1 not to prepare a cash flow statement.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date. Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the company has entered into a binding agreement to sell the assets and recognised the gains or losses expected to arise on sale.

2Tangible fixed assets

	£
Cost
At 1 March 2014	4,207,375
Additions	2,277
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	4,209,652
Depreciation
At 1 March 2014	1,950
Charge for the year	4,039
On disposals	-
At 28 February 2015	5,989
Net book values
At 28 February 2015	4,203,663
At 28 February 2014	4,205,425

3Fixed assets Investments
In the opinion of the director, the aggregate value of the company’s investments in the subsidiary undertakings is not less than the amount included in the balance sheet.
Undertaking – Estate Management 28 Limited
Holding – Ordinary
Proportion of voting rights and shares held – 100%
Principal activity - Non-trading management company

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

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1