Sanderson Property Developments Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03643246 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

SANDERSON PROPERTY DEVELOPMENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Miss A Sandher

S Sandher

REGISTERED OFFICE:

Harpal House

14 Holyhead Road

Handsworth

Birmingham

West Midlands

B21 0LT

REGISTERED NUMBER:

03643246 (England and Wales)

ACCOUNTANTS:

Thapers Limited

Chartered Accountants

Harpal House

14 Holyhead Road

Handsworth

Birmingham

West Midlands

B21 0LT

FIXED ASSETS

Tangible assets

2

2,807,483

2,355,113

CURRENT ASSETS

Debtors

166,390

160,714

Cash at bank

10,355

8,552

176,745

169,266

CREDITORS

Amounts falling due within one year

165,957

172,097

NET CURRENT ASSETS/(LIABILITIES)

10,788

(2,831

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,818,271

2,352,282

CREDITORS

Amounts falling due after more than one year

3

1,767,319

1,783,869

NET ASSETS

1,050,952

568,413

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

1,049,952

567,413

SHAREHOLDERS' FUNDS

1,050,952

568,413

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 15 December 2015 and were signed on its behalf by:

S Sandher - 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 invoiced sales of services, 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.

Freehold property

-

not provided

Fixtures and fittings

-

15% on reducing balance

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 OR VALUATION

At 1 April 2014

2,631,465

Additions

1,077

Revaluations

453,003

At 31 March 2015

3,085,545

DEPRECIATION

At 1 April 2014

276,352

Charge for year

1,710

At 31 March 2015

278,062

NET BOOK VALUE

At 31 March 2015

2,807,483

At 31 March 2014

2,355,113

3.

CREDITORS

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

31/3/15

31/3/14

£

£

Repayable otherwise than by instalments

312,000

312,000

Repayable by instalments

720,902

753,651

1,032,902

1,065,651

4.	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

1,000