Tutis Properties Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07948763 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Tutis Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G A Marino

REGISTERED OFFICE:

122 Feering Hill

Feering

Colchester

Essex

CO5 9PY

REGISTERED NUMBER:

07948763 (England and Wales)

FIXED ASSETS

630

Tangible assets

2

13,514

9,183,271

Investment property

3

9,183,271

9,183,901

9,196,785

CURRENT ASSETS

162,670

Debtors

386,520

47,305

Cash at bank

108,307

209,975

494,827

CREDITORS

587,363

Amounts falling due within one year

657,365

(377,388

)

NET CURRENT LIABILITIES

(162,538

)

8,806,513

TOTAL ASSETS LESS CURRENT LIABILITIES

9,034,247

126

PROVISIONS FOR LIABILITIES

-

8,806,387

NET ASSETS

9,034,247

CAPITAL AND RESERVES

200

Called up share capital

4

200

7,749,900

Share premium

7,749,900

1,056,287

Profit and loss account

1,284,147

8,806,387

SHAREHOLDERS' FUNDS

9,034,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 23 December 2015 and were signed by:

G A Marino - 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 net invoiced sales of goods, excluding value added tax.

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

-

33% on cost

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.

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 1 January 2014

730

Additions

17,500

At 31 December 2014

18,230

DEPRECIATION

At 1 January 2014

100

Charge for year

4,616

At 31 December 2014

4,716

NET BOOK VALUE

At 31 December 2014

13,514

At 31 December 2013

630

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 January 2014

and 31 December 2014

9,183,271

NET BOOK VALUE

At 31 December 2014

9,183,271

At 31 December 2013

9,183,271

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

1

Ordinary

1

200

200

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the director, £544,447 (2013-£547,618) in respect of his loan

account. This loan is interest free and repayable on demand.