Thistle Lodges Limited - Limited company - abbreviated

REGISTERED NUMBER: 04335848 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2015

FOR

THISTLE LODGES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A E Collard

Mrs J A Collard

SECRETARY:

Mr A E Collard

REGISTERED OFFICE:

Monkhouse Hill

Sebergham

Nr. Caldbeck

Cumbria

CA5 7HW

REGISTERED NUMBER:

04335848 (England and Wales)

ACCOUNTANTS:

Ainsworths Limited

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

FIXED ASSETS

Tangible assets

2

234

292

Investment property

3

140,000

140,234

140,292

CURRENT ASSETS

Debtors

1,522

Cash at bank

-

4,532

1,522

6,054

CREDITORS

Amounts falling due within one year

3,963

7,984

NET CURRENT LIABILITIES

(2,441

)

(1,930

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

137,793

138,362

CAPITAL AND RESERVES

Called up share capital

4

30,000

Revaluation reserve

78,884

Profit and loss account

28,909

29,478

SHAREHOLDERS' FUNDS

137,793

138,362

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 4th December 2015 and were signed on its behalf
by:

Mr A E Collard - 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).

Turnover

Turnover represents net rents receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

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.

In accordance with SSAP 19, the company's property is held for long-term investment and is included in the

Balance Sheet at its open market value.

This policy represents a departure from statutory accounting principles, which require depreciation to be

provided on all fixed assets. The directors consider that this policy is necessary in order that the accounts may

give a true and fair view because current values and changes in current values are of prime importance rather

than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the

valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

and 31st March 2015

2,687

DEPRECIATION

At 1st April 2014

2,395

Charge for year

58

At 31st March 2015

2,453

NET BOOK VALUE

At 31st March 2015

234

At 31st March 2014

292

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1st April 2014

and 31st March 2015

140,000

NET BOOK VALUE

At 31st March 2015

140,000

At 31st March 2014

140,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

30,000

Ordinary

£1

30,000

Thistle Lodges Limited - Limited company - abbreviated - 11.9

Thistle Lodges Limited - Limited company - abbreviated - 11.9