Mallflower Properties Limited - Limited company - abbreviated

REGISTERED NUMBER: 01252106 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

MALLFLOWER PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs L J Evans

SECRETARY:

J F Evans

REGISTERED OFFICE:

Home Farm

Two Mile Lane

Highnam

Gloucestershire

GL2 8DW

REGISTERED NUMBER:

01252106 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

SOLICITORS:

Franklin & Jones

Bearland House

Longsmith Street

Gloucester

GL1 2HU

FIXED ASSETS

Investment property

2

200,000

CURRENT ASSETS

Debtors

2,372

2,362

Cash at bank

65,406

53,274

67,778

55,636

CREDITORS

Amounts falling due within one year

31,638

30,790

NET CURRENT ASSETS

36,140

24,846

TOTAL ASSETS LESS CURRENT
LIABILITIES

236,140

224,846

CAPITAL AND RESERVES

Called up share capital

3

100

Revaluation reserve

107,967

Profit and loss account

128,073

116,779

SHAREHOLDERS' FUNDS

236,140

224,846

236,140

224,846

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 22 December 2015 and were signed by:

Mrs L J Evans - 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 the total of rents receivable made during the year. The company is not registered

for VAT. Revenue is recognised upon a monthly basis.

Investment property

In accordance with Statement of Standard Accounting Practice No 19, investment properties are

included in the balance sheet at their open market values. The surplus or deficit on revaluation on

individual properties are transferred to the investment revaluation reserve. Depreciation is not

provided in respect of freehold investment properties. The directors consider that this policy, which

represents departure from statutory accounting principles, is necessary in order that the financial

statements may give a true and fair view.

Going concern

There are no material uncertainties that may cast significant doubt about the company’s ability to

continue as a going concern.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2014

and 31 March 2015

200,000

NET BOOK VALUE

At 31 March 2015

200,000

At 31 March 2014

200,000

The historical cost of the investment property was £92,033.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

1

100

Mallflower Properties Limited - Limited company - abbreviated - 11.9

Mallflower Properties Limited - Limited company - abbreviated - 11.9