Shanwood Properties Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03945282 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

SHANWOOD PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M M Clarfelt

D A Julius

SECRETARY:

D Freedman

REGISTERED OFFICE:

Hurst House

High Street

Ripley

Surrey

GU23 6AY

REGISTERED NUMBER:

03945282 (England and Wales)

ACCOUNTANTS:

Smith Pearman

Chartered Accountants

Hurst House

High Street

Ripley

Surrey

GU23 6AY

FIXED ASSETS

Investment property

2

500,000

500,000

CURRENT ASSETS

Debtors

972

16,274

Cash at bank

64,120

43,896

65,092

60,170

CREDITORS

Amounts falling due within one year

3

47,834

45,650

NET CURRENT ASSETS

17,258

14,520

TOTAL ASSETS LESS CURRENT LIABILITIES

517,258

514,520

CREDITORS

Amounts falling due after more than one year

3

99,605

134,669

NET ASSETS

417,653

379,851

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Revaluation reserve

(42,738

)

(42,738

)

Profit and loss account

459,391

421,589

SHAREHOLDERS' FUNDS

417,653

379,851

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 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 4 November 2015 and were signed on its behalf by:

M M Clarfelt - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents the total amount receivable by the company in the ordinary course of business from the

rental of property.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2014

and 31 March 2015

500,000

NET BOOK VALUE

At 31 March 2015

500,000

At 31 March 2014

500,000

3.

CREDITORS

Creditors include an amount of £ 134,669 (2014 - £ 167,286 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

500

A Ordinary

£1

500

500

500

B Ordinary

£1

500

500

1,000

1,000

The A and B shares rank pari passu in all respects.

5.	ULTIMATE PARENT COMPANY

Bernton Limited is regarded by the directors as being the company's ultimate parent company.

The company's immediate parent undertaking is Lilifred Estates Limited.