Shavemead Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01409174 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2015

for

Shavemead Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

S C A Maynard

D J Martin

E R Field

K P Martin

SECRETARY:

S C A Maynard

REGISTERED OFFICE:

The Maltings

Station Rd

Sawbridgeworth

Herts

CM21 9JX

REGISTERED NUMBER:

01409174 (England and Wales)

ACCOUNTANTS:

Lanham and Company Limited

Chartered Accountants

9 Great Chesterford Court

London Road

Great Chesterford

Essex

CB10 1PF

FIXED ASSETS

Tangible assets

2

-

1,386

Investment property

3

1,440,000

1,440,000

1,440,000

1,441,386

CURRENT ASSETS

Debtors

1,333

3,616

Cash at bank

28,105

26,994

29,438

30,610

CREDITORS

Amounts falling due within one year

4

45,564

44,567

NET CURRENT LIABILITIES

(16,126

)

(13,957

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,423,874

1,427,429

CREDITORS

Amounts falling due after more than one year

4

-

13,374

NET ASSETS

1,423,874

1,414,055

CAPITAL AND RESERVES

Called up share capital

5

100

100

Revaluation reserve

1,267,510

1,267,510

Profit and loss account

156,264

146,445

SHAREHOLDERS' FUNDS

1,423,874

1,414,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 6 January 2016 and were signed on its behalf by:

S C A Maynard - Director

E R Field - Director

D J Martin - Director

K P Martin - 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 rent and services receivable, 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.

Fixtures and fittings

-

20% on cost

Investment property

No depreciation is provided on property held for investment purposes (unless it is leasehold property where the

unexpired term of the lease is less than 20 years). Investment properties are revalued annually and any aggregate

surplus or deficit arising from changes in market value is transferred to a revaluation reserve, unless a deficit is

expected to be permanent, in which case it is charged to the profit and loss account. This is a departure from the

Companies Act necessary to give a true and fair view.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the

balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that

it is more likely than not they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

35,295

DEPRECIATION

At 1 May 2014

33,909

Charge for year

1,386

At 30 April 2015

35,295

NET BOOK VALUE

At 30 April 2015

-

At 30 April 2014

1,386

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 May 2014

and 30 April 2015

1,440,000

NET BOOK VALUE

At 30 April 2015

1,440,000

At 30 April 2014

1,440,000

4.

CREDITORS

Creditors include an amount of £ 13,452 (30.4.14 - £ 34,374 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Shavemead Limited for the year ended 30 April 2015 which comprise the Profit and Loss

Account, the Balance Sheet, the Statement of Total Recognised Gains and Losses and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Shavemead Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shavemead Limited and state those matters that we have agreed to state to the Board of Directors of Shavemead Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Shavemead Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shavemead Limited. You consider that Shavemead Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shavemead Limited. For this

reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lanham and Company Limited

Chartered Accountants

9 Great Chesterford Court

London Road

Great Chesterford

Essex

CB10 1PF

13 January 2016