Abbreviated Company Accounts - NORTHAW PROPERTIES LIMITED

NORTHAW PROPERTIES LIMITED - Company Information

01008220 NORTHAW PROPERTIES LIMITED 2015-03-25 false 2014-03-26 2015-03-25 true 01008220 2014-03-26 2015-03-25 01008220 2015-03-25 01008220 2014-03-25 01008220 uk-gaap-cd-bus:Director1 2014-03-26 2015-03-25 01008220 uk-gaap-cd-bus:Director2 2014-03-26 2015-03-25 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-26 2015-03-25 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-25 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-25 iso4217:GBP shares

Registered Number 01008220

NORTHAW PROPERTIES LIMITED

Abbreviated Accounts

25 March 2015

NORTHAW PROPERTIES LIMITED Registered Number 01008220

Abbreviated Balance Sheet as at 25 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,861	3,815
Investments	3	3,000,000	3,000,000
		3,002,861	3,003,815
Current assets
Debtors		1,757	1,831
Cash at bank and in hand		67,686	73,866
		69,443	75,697
Creditors: amounts falling due within one year		(3,300)	(7,001)
Net current assets (liabilities)		66,143	68,696
Total assets less current liabilities		3,069,004	3,072,511
Total net assets (liabilities)		3,069,004	3,072,511
Capital and reserves
Called up share capital	4	27,626	27,626
Revaluation reserve		2,904,593	2,904,593
Other reserves		14,500	14,500
Profit and loss account		122,285	125,792
Shareholders' funds		3,069,004	3,072,511

For the year ending 25 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 November 2015

And signed on their behalf by:
MAP Groves, Director

NORTHAW PROPERTIES LIMITED Registered Number 01008220

Notes to the Abbreviated Accounts for the period ended 25 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention as modified by the revaluation of investment property and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles 25% reducing balance
Fixtures & fittings 25% reducing balance

Other accounting policies
Investment property
The freehold investment property is included at valuation.

In accordance with Financial Reporting Standards for Smaller Entities (effective April 2008), no depreciation is provided in respect of freehold investment property. This represents a departure from the requirement of the Companies Act 2006.

Deferred taxation
The company has estimated losses of £224,140 (2014 £220,612) available to carry forward against future trading profits.

A deferred tax asset has not been recognised in respect of these losses as the company does not anticipate these to be recoverable in the immediate future.

Related party transactions
A partner in Saffery Champness, the Company's former accountants, is a non-beneficial owner, as a trustee of five trusts which hold 63% off the ordinary share capital of the Company at the balance sheet date. During the year, accountancy fees of £2,400 (2014 £2,488) and professional fees of £(500) (2014 £3,060) were charged by Saffery Champness.

2Tangible fixed assets

	£
Cost
At 26 March 2014	18,170
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 25 March 2015	18,170
Depreciation
At 26 March 2014	14,355
Charge for the year	954
On disposals	-
At 25 March 2015	15,309
Net book values
At 25 March 2015	2,861
At 25 March 2014	3,815

3Fixed assets Investments
The freehold property was valued on 25 March 2010 at £3,000,000 by the Directors through consultation with an independent Chartered Surveyor. It is not practicable to revalue the property at the present time.

On a historical basis, land and buildings would be included at a cost of £97,169.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
27,626 Ordinary shares of £1 each	27,626	27,626