London Group of Properties (Hornchurch) - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06263366 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

London Group of Properties

(Hornchurch) Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Investment property

2

702,020

698,000

CURRENT ASSETS

Debtors

82,344

77,096

Cash at bank

32,233

31,063

114,577

108,159

CREDITORS

Amounts falling due within one year

68,314

25,430

NET CURRENT ASSETS

46,263

82,729

TOTAL ASSETS LESS CURRENT LIABILITIES

748,283

780,729

CAPITAL AND RESERVES

Called up share capital

3

7

7

Other reserves

674,315

674,315

Profit and loss account

73,961

106,407

SHAREHOLDERS' FUNDS

748,283

780,729

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 26 November 2015 and were signed by:

S G Frater - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents rent and service charges receivable during the period.

Investment property

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation

is provided in respect of freehold properties held as investments.This is a departure from the requirements of the

Companies Act 2006 which require all properties to be depreciated. Such properties are held for investment and

not for consumption and the directors consider that to depreciate them would not give a true and fair view.

Depreciation is only one of many elements reflected in the annual valuation properties and accordingly the

amount of depreciation which might otherwise have been charged cannot be separately identified or quantified.

The directors consider that this policy results in the accounts giving a true and fair view.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 July 2014

698,000

Additions

4,020

At 30 June 2015

702,020

NET BOOK VALUE

At 30 June 2015

702,020

At 30 June 2014

698,000

3.	CALLED UP SHARE CAPITAL

Alloted, issued and fully paid:

Number:

Class:

Nominal value:

2014

2013

£

£

2

Ordinary A

£1

2

2

2

Ordinary B

£1

2

2

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

1

Ordinary E

£1

1

1

7

7