Finchale Estates Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 09112123 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE PERIOD 2 JULY 2014 TO 31 MARCH 2015

FOR

FINCHALE ESTATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J D Holloway

D M Armstrong

R W Ribchester

REGISTERED OFFICE:

Finchale House

Belmont Business Park

Durham

Durham

DH1 1TW

REGISTERED NUMBER:

09112123 (England and Wales)

FIXED ASSETS

Investment property

2

609,718

CURRENT ASSETS

Debtors

2,634

Cash at bank

6,566

9,200

CREDITORS

Amounts falling due within one year

3

42,563

NET CURRENT LIABILITIES

(33,363

)

TOTAL ASSETS LESS CURRENT LIABILITIES

576,355

CREDITORS

Amounts falling due after more than one year

3

(573,190

)

PROVISIONS FOR LIABILITIES

(627

)

NET ASSETS

2,538

CAPITAL AND RESERVES

Called up share capital

4

30

Profit and loss account

2,508

SHAREHOLDERS' FUNDS

2,538

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 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:

J D Holloway - Director

D M Armstrong - Director

R W Ribchester - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover derives from the principal activity of the company which is that of property investment. Income from

this activity is recognised in the profit and loss account when the company becomes entitled to it.

Investment property

The investment property is shown at the most recent valuation. Since the property was acquired in the year the

directors consider that cost equates to market value.

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

Additions

609,718

At 31 March 2015

609,718

NET BOOK VALUE

At 31 March 2015

609,718

3.

CREDITORS

Creditors include an amount of £ 612,790 for which security has been given.

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

£

Repayable by instalments

269,190

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

30

Ordinary

£1.00

30

30 Ordinary shares of £1.00 each were allotted and fully paid for cash at par during the period.