Deben Properties Limited - Limited company - abbreviated

REGISTERED NUMBER: 02985221 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Deben Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A R Harding

P A Birchley

SECRETARY:

P A Birchley

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

02985221 (England and Wales)

ACCOUNTANTS:

The Mudd Partnership

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Tangible assets

2

-

845,538

Investment property

3

1,501,000

-

1,501,000

845,538

CURRENT ASSETS

Debtors

124,014

134,108

Cash at bank

4,070

2,206

128,084

136,314

CREDITORS

Amounts falling due within one year

276,725

279,956

NET CURRENT LIABILITIES

(148,641

)

(143,642

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,352,359

701,896

CREDITORS

Amounts falling due after more than one
year

4

508,582

543,314

NET ASSETS

843,777

158,582

CAPITAL AND RESERVES

Called up share capital

5

1,020

Revaluation reserve

656,116

-

Profit and loss account

186,641

157,562

SHAREHOLDERS' FUNDS

843,777

158,582

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 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 16 December 2015 and were signed on its behalf
by:

A R Harding - 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 invoiced rents receivable, net of VAT where applicable.

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

Improvements to property

-

20% 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.

The requirement of the Companies Act 2006 is to depreciate all properties. No depreciation has been provided

in respect of investment properties however as this requirement conflicts with the generally accepted accounting

principle set out in SSAP 19(revised).

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

882,023

Reclassification/transfer

(844,884

)

At 31 March 2015

37,139

DEPRECIATION

At 1 April 2014

36,485

Charge for year

654

At 31 March 2015

37,139

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

845,538

The investment properties were acquired at cost at various dates. The directors consider these values to be

appropriate at the balance sheet date. The directors have not arranged for a professional valuation.

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

Revaluations

656,116

Reclassification/transfer

844,884

At 31 March 2015

1,501,000

NET BOOK VALUE

At 31 March 2015

1,501,000

4.

CREDITORS

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

31.3.15

31.3.14

£

Repayable by instalments

373,291

418,585

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

1,000

Ordinary

£1

1,000

20

Ordinary 'A' Shares

£1

20

1,020

Deben Properties Limited - Limited company - abbreviated - 11.9

Deben Properties Limited - Limited company - abbreviated - 11.9