Linkwood Property Investment Co. Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03724731 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

LINKWOOD PROPERTY INVESTMENT CO. LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

2,228

2,115

Investment property

3

1,450,000

1,450,000

1,452,228

1,452,115

CURRENT ASSETS

Debtors

183,410

175,642

Cash at bank

24,450

3,339

207,860

178,981

CREDITORS

Amounts falling due within one year

487,079

485,880

NET CURRENT LIABILITIES

(279,219

)

(306,899

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,173,009

1,145,216

PROVISIONS FOR LIABILITIES

377

339

NET ASSETS

1,172,632

1,144,877

CAPITAL AND RESERVES

Called up share capital

4

100

100

Revaluation reserve

1,003,959

1,003,959

Profit and loss account

168,573

140,818

SHAREHOLDERS' FUNDS

1,172,632

1,144,877

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 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:

Mr H L Collins - 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.

Fixtures and Equipment

-

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Revaluation of tangible fixed assets

In accordance with Statement of Standard Accounting Practices No. 19 investment properties are revalued

annually and the aggregate surplus or deficit is transferred to a revaluation reserve, and no depreciation is

provided in respect of freehold investment properties and leasehold investment properties with over 20 years to

expiry. Although in compliance with the Financial Reporting Standard for Smaller Entities, this is a departure

from the Companies Act, which the director considers necessary to give a true and fair view.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

16,146

Additions

1,334

At 31 March 2015

17,480

DEPRECIATION

At 1 April 2014

14,031

Charge for year

1,221

At 31 March 2015

15,252

NET BOOK VALUE

At 31 March 2015

2,228

At 31 March 2014

2,115

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2014

and 31 March 2015

1,450,000

NET BOOK VALUE

At 31 March 2015

1,450,000

At 31 March 2014

1,450,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

5.	ULTIMATE PARENT COMPANY