Fairmount Real Estate Company Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 00386497

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 25 MARCH 2015

FOR

FAIRMOUNT REAL ESTATE COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTORS:

Susan Charlotte Prior

Dhiraj Shah

Richard Thomas Barber

SECRETARY:

Susan Charlotte Prior

REGISTERED OFFICE:

DS House

306 High Street

Croydon

Surrey

CR0 1NG

REGISTERED NUMBER:

00386497

ACCOUNTANTS:

D S & Co. Ltd

Chartered Accountants

D S House

306 High Street

Croydon

Surrey

CR0 1NG

FIXED ASSETS

Tangible assets

2

91,382

91,382

Investments

3

566,392

580,189

657,774

671,571

CURRENT ASSETS

Debtors

29,688

22,710

Cash at bank

25,965

34,518

55,653

57,228

CREDITORS

Amounts falling due within one year

81,315

80,991

NET CURRENT LIABILITIES

(25,662

)

(23,763

)

TOTAL ASSETS LESS CURRENT LIABILITIES

632,112

647,808

CAPITAL AND RESERVES

Called up share capital

4

6,602

6,602

Capital redemption reserve

3,300

3,300

Profit and loss account

622,210

637,906

SHAREHOLDERS' FUNDS

632,112

647,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 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 26 November 2015 and were signed on its behalf by:

Susan Charlotte Prior - 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 represents rent receivable.

Deferred tax

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

sheet date.

Investment properties

In accordance with the IAS 40 no depreciation is provided in respect of freehold investment properties or

leasehold properties having more than 20 years unexpired. This departure from the requirements of the

Companies Act 2006, for all properties to be depreciated, is in the opinion of the directors, necessary for the

financial statements to give a true and fair view. The open market value of the properties are stated in the notes

to the financial statements.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 26 March 2014

and 25 March 2015

91,382

NET BOOK VALUE

At 25 March 2015

91,382

At 25 March 2014

91,382

In the opinion of the directors, the market value of the freehold properties is £605,000 (2014-£605,000).

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 26 March 2014

580,189

Additions

88,333

Disposals

(102,130

)

At 25 March 2015

566,392

NET BOOK VALUE

At 25 March 2015

566,392

At 25 March 2014

580,189

Market value of listed investments at 25 March 2015 - £780,394 (2014 -£740,417).

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

602

Ordinary

£1

602

602

6,000

31/2% Preference Shares

£1

6,000

6,000

6,602

6,602

5.	ULTIMATE CONTROLLING PARTY

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 two to four)

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 Fairmount Real Estate Company Limited for the year ended 25 March 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 Fairmount Real Estate Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fairmount Real Estate Company Limited and state those matters that we have agreed to state to the Board of Directors of Fairmount Real Estate Company 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 Fairmount Real Estate Company 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 Fairmount Real Estate Company Limited. You consider that Fairmount Real Estate Company 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 Fairmount Real Estate

Company 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.

D S & Co. Ltd

Chartered Accountants

D S House

306 High Street

Croydon

Surrey

CR0 1NG

26 November 2015