N V Patel Construction Limited - Limited company - abbreviated - 11.9

N V Patel Construction Limited - Limited company - abbreviated - 11.9

N V PATEL CONSTRUCTION LTD - Company Information

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REGISTERED NUMBER: 04800329 (England and Wales)















ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2015

FOR

N V PATEL CONSTRUCTION LIMITED

N V PATEL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04800329)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2015










Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 5

N V PATEL CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2015







DIRECTORS: Mr N V Patel
Mrs S N Patel



SECRETARY: Mr N V Patel



REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH



REGISTERED NUMBER: 04800329 (England and Wales)



ACCOUNTANTS: Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH



BANKERS: Barclays Bank Plc
Acorn House
36-38 Park Royal Road
Park Royal
London
NW10 7WJ
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
N V PATEL CONSTRUCTION LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six) have
been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of N V Patel Construction Limited for the year ended 5 April 2015 which comprise the Profit and Loss Account,
the Balance Sheet and the related notes from the company's accounting records and from information and explanations you
have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of N V Patel Construction Limited, as a body, in accordance with the terms of our engagement letter dated 4 November 2009. Our work has been undertaken solely to prepare for your approval the financial statements of N V Patel Construction Limited and state those matters that we have agreed to state to the Board of Directors of N V Patel Construction Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that N V Patel Construction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of N V Patel Construction Limited. You consider that N V Patel Construction Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of N V Patel Construction Limited.
For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations
you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


10 November 2015

This page does not form part of the abbreviated accounts

Page 2
N V PATEL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04800329)

ABBREVIATED BALANCE SHEET
5 APRIL 2015

5/4/15 5/4/14
Notes £    £    £    £   
FIXED ASSETS
Investment property 2 720,000 720,000

CURRENT ASSETS
Debtors 355,250 355,250
Investments 300,000 500,000
Cash at bank and in hand 13,368 54,608
668,618 909,858
CREDITORS
Amounts falling due within one year 3 276,088 486,914
NET CURRENT ASSETS 392,530 422,944
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,112,530
1,142,944

CREDITORS
Amounts falling due after more than one year 3 448,045 486,972
NET ASSETS 664,485 655,972

CAPITAL AND RESERVES
Called up share capital 4 100 100
Revaluation reserve 380,537 380,537
Profit and loss account 283,848 275,335
SHAREHOLDERS' FUNDS 664,485 655,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2015 in accordance with Section 476 of the Companies Act 2006.

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 notes form part of these abbreviated accounts

Page 3 continued...
N V PATEL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04800329)

ABBREVIATED BALANCE SHEET - continued
5 APRIL 2015


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 Board of Directors on 10 November 2015 and were signed on its behalf by:





Mr N V Patel - Director


The notes form part of these abbreviated accounts

Page 4
N V PATEL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04800329)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 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 rents receivable, net of value added tax. Turnover is recognised on a rent receivable basis to the
balance sheet date.

Investment property
In accordance with FRSSE April 2008, no depreciation is provided in respect of investment properties. This is a
departure from the requirement of the Companies Act 2006 which requires all properties to be depreciated. Such
properties are not held for consumption but for investment and the director consider that to depreciate them would
not give a true and fair view.

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

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

Revaluation reserve
Surpluses arising from the valuation of properties are taken directly to the revaluation reserve. Deficits are
eliminated against any revaluation reserve in respect of that income generating unit with any excess, to the extent that
it represents an impairment, being charged to profit and loss account. Surpluses or deficits realised on the disposal of
an asset are transferred from the investment revaluation reserve to the profit and loss account reserve.

2. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 6 April 2014
and 5 April 2015 720,000
NET BOOK VALUE
At 5 April 2015 720,000
At 5 April 2014 720,000

3. CREDITORS

Creditors include an amount of £ 486,381 (5/4/14 - £ 525,308 ) for which security has been given.

Page 5 continued...
N V PATEL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04800329)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 5 APRIL 2015


3. CREDITORS - continued

They also include the following debts falling due in more than five years:

5/4/15 5/4/14
£    £   
Repayable by instalments 294,700 333,627

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 5/4/15 5/4/14
value: £    £   
100 Ordinary £1 100 100

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the Company paid £120 (2014 : £120) for the use of home as office.

Page 6