WHITE_(READING_PROPERTIES - Accounts

WHITE (READING PROPERTIES) LIMITED - Company Information

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Company Registration No. 00722126 (England and Wales)

WHITE (READING PROPERTIES) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

WHITE (READING PROPERTIES) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WHITE (READING PROPERTIES) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

34,010

22,490

Current assets

Debtors

32,000

32,598

Cash at bank and in hand

31,829

10,913

63,829

43,511

Creditors: amounts falling due within one year

(13,410)

(8,843)

Net current assets

50,419

34,668

Total assets less current liabilities

84,429

57,158

Capital and reserves

Called up share capital

100

Revaluation reserve

31,106

19,586

Profit and loss account

53,223

37,472

Shareholders' funds

84,429

57,158

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime within Part 15 of the Companies Act 2006.

Approved by the Board for issue on 1 September 2014

D.E. White

Director

Company Registration No. 00722126

WHITE (READING PROPERTIES) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents rents receivable.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% Straight line

Investment properties are included in the balance sheet at their existing use open market value. Although this accounting policy is in accordance with FRSSE, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost or valuation

At 1 June 2013

22,936

Revaluation

11,520

At 1 June 2013 & at 31 May 2014

34,456

Depreciation

At 1 June 2013 & at 31 May 2014

446

Net book value

At 31 May 2014

34,010

At 31 May 2013

22,490

WHITE (READING PROPERTIES) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100