S T S Properties Limited - Limited company - abbreviated - 11.9
S T S Properties Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015 |
| FOR |
| S T S PROPERTIES LIMITED |
| S T S PROPERTIES LIMITED (REGISTERED NUMBER: 02470815) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| S T S PROPERTIES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| S T S PROPERTIES LIMITED (REGISTERED NUMBER: 02470815) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| S T S PROPERTIES LIMITED (REGISTERED NUMBER: 02470815) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| 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). |
| Turnover |
| Turnover represents net invoiced sales of services. |
| Investment property |
| Investment properties are revalued annually at their open market value in accordance with FRSSE (effective April 2008). |
| The surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit reduces the property |
| below its historical cost, in which case it is taken to the profit and loss account. |
| No depreciation is provided on investment properties, which is a departure from the requirements of the Companies Act |
| 2006. In the opinion of the directors, these properties are held primarily for their investment potential and so their current |
| value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. |
| The provisions of the FRSSE (effective April 2008) in respect of investment properties have therefore been adopted in |
| order to give a true and fair view. If this departure from the Act had not been made, the profit for the year would have been |
| reduced by depreciation. |
| However, the amount of depreciation cannot reasonably be quantified and the amount which might otherwise have been |
| shown cannot be separately identified or quantified. |
| Deferred tax |
| Deferred tax is recognised on taxation timing differences which have originated but not reversed by the balance sheet date. |
| However, no provision is made in respect of revaluation gains or losses unless there is a binding agreement at the balance |
| sheet date to sell the asset and the asset is revalued to this selling price. |
| 2. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 April 2014 |
| and 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| S T S PROPERTIES LIMITED (REGISTERED NUMBER: 02470815) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| NIL | Ordinary Shares | £1 |
| Ordinary A shares | £1 |
| Ordinary B Shares | 1 |
| 12 | 12 |
| The 'B' shares rank pari passu with the 'A' shares, except in respect of dividends. |
| During the year the 12 ordinary shares were re-designated into 11 A ordinary shares and 1 B ordinary share. |