South Bay Properties Limited - Limited company - abbreviated - 11.9

South Bay Properties Limited - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: 04986635 (England and Wales)















SOUTH BAY PROPERTIES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2015






SOUTH BAY PROPERTIES LIMITED (REGISTERED NUMBER: 04986635)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2015




Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

SOUTH BAY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2015







DIRECTOR: A M Kenyon





REGISTERED OFFICE: 28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB





REGISTERED NUMBER: 04986635 (England and Wales)





ACCOUNTANTS: Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB

SOUTH BAY PROPERTIES LIMITED (REGISTERED NUMBER: 04986635)

ABBREVIATED BALANCE SHEET
31ST MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 448,363 448,550

CURRENT ASSETS
Debtors 600 -
Cash at bank 1,394 2,628
1,994 2,628
CREDITORS
Amounts falling due within one year 3 408,625 412,697
NET CURRENT LIABILITIES (406,631 ) (410,069 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,732

38,481

CREDITORS
Amounts falling due after more than one year 3 141,900 141,172
NET LIABILITIES (100,168 ) (102,691 )

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account (100,169 ) (102,692 )
SHAREHOLDERS' FUNDS (100,168 ) (102,691 )

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 director acknowledges her 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.

SOUTH BAY PROPERTIES LIMITED (REGISTERED NUMBER: 04986635)

ABBREVIATED BALANCE SHEET - continued
31ST MARCH 2015


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 director on 8th December 2015 and were signed by:





A M Kenyon - Director


SOUTH BAY PROPERTIES LIMITED (REGISTERED NUMBER: 04986635)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2015

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 income generated from the company's principal activity, as disclosed in the directors' report.

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

Freehold property - not provided
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on cost

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st April 2014
and 31st March 2015 449,342
DEPRECIATION
At 1st April 2014 792
Charge for year 187
At 31st March 2015 979
NET BOOK VALUE
At 31st March 2015 448,363
At 31st March 2014 448,550

3. CREDITORS

Creditors include an amount of £ 152,479 (2014 - £ 151,288 ) for which security has been given.

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

2015 2014
£    £   
Repayable by instalments 99,585 100,709

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
1 Ordinary £1 1 1

SOUTH BAY PROPERTIES LIMITED (REGISTERED NUMBER: 04986635)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST MARCH 2015

5. ULTIMATE CONTROLLING PARTY

The controlling party is J L Frost.


6. GOING CONCERN

At the year end there was a net deficiency of assets on the balance sheet amounting to £100,169 (2014: £102,692). The
continuation of the company's activities is dependant upon the continued support of the director. The director has indicated
that he will continue to offer support to the company for the foreseeable future.