Mansfield Road Properties Limited - Limited company - abbreviated

REGISTERED NUMBER: 03893194 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

MANSFIELD ROAD PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr. A Avison

REGISTERED OFFICE:

129a Middleton Boulevard

Wollaton Park

Nottingham

Nottinghamshire

NG8 1FW

REGISTERED NUMBER:

03893194 (England and Wales)

ACCOUNTANTS:

Cobb Burgin & Co

Chartered Accountants

129a Middleton Boulevard

Wollaton Park

Nottingham

NG8 1FW

FIXED ASSETS

Investment property

2

1,736,411

1,375,674

CURRENT ASSETS

Debtors

223,389

57,781

Cash at bank

142,973

63,270

366,362

121,051

CREDITORS

Amounts falling due within one year

3

118,576

46,840

NET CURRENT ASSETS

247,786

74,211

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,984,197

1,449,885

CREDITORS

Amounts falling due after more than one
year

3

947,549

900,000

NET ASSETS

1,036,648

549,885

CAPITAL AND RESERVES

Called up share capital

4

2

Revaluation reserve

781,885

315,445

Profit and loss account

254,761

234,438

SHAREHOLDERS' FUNDS

1,036,648

549,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 10 August 2015 and were signed by:

Mr. A Avison - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities

(effective April 2008).

Investment property

In accordance with statement of Standard Accounting Practice No.19, investment properties are not

depreciated. The investment properties have been revalued to their open market value and the surplus

transferred to a revaluation reserve.

Deferred tax

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

balance sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2014

1,375,674

Additions

6,570

Disposals

(112,273

)

Revaluations

466,440

At 31 March 2015

1,736,411

NET BOOK VALUE

At 31 March 2015

1,736,411

At 31 March 2014

1,375,674

3.

CREDITORS

Creditors include an amount of £ 999,669 (2014 - £ 900,000 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary shares

£1

2

Mansfield Road Properties Limited - Limited company - abbreviated - 11.6

Mansfield Road Properties Limited - Limited company - abbreviated - 11.6