Newbridge Keighley Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03223896 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2015

for

Newbridge Keighley Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B A Rock

W J Poole

SECRETARY:

W J Poole

REGISTERED OFFICE:

Lencett House

45 Boroughgate

Otley

West Yorkshire

LS21 1AG

REGISTERED NUMBER:

03223896 (England and Wales)

ACCOUNTANTS:

Walker Broadbent Associates

Chartered Accountants

Lencett House

45 Boroughgate

Otley

West Yorkshire

LS21 1AG

FIXED ASSETS

Investment property

2

1,725,750

1,725,750

CURRENT ASSETS

Debtors

28,593

73,623

Cash at bank

37,903

12,220

66,496

85,843

CREDITORS

Amounts falling due within one year

36,315

51,479

NET CURRENT ASSETS

30,181

34,364

TOTAL ASSETS LESS CURRENT LIABILITIES

1,755,931

1,760,114

CAPITAL AND RESERVES

Called up share capital

3

300

300

Revaluation reserve

1,032,927

1,032,927

Profit and loss account

722,704

726,887

SHAREHOLDERS' FUNDS

1,755,931

1,760,114

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 25 January 2016 and were signed on its behalf by:

B A Rock - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, modified to include the

revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities

(effective April 2008).

Turnover

Turnover represents amounts derived from the management of industrial property, exclusive of Value Added

Tax.

Investment property

Investment properties are included in the financial statements at their open market value. Any changes in their

value are included as a movement on the revaluation reserve,

In accordance with the FRSSE 2008, no depreciation is provided in respect of freehold investment properties.

This is a departure from the requirements of the Companies Act 1985, which requires all properties to be

depreciated. Such properties are not held for consumption but for investment and the directors consider that to

depreciate them would not give a true and fair view. Depreciation is only one of many factors reflected in the

annual valuation of 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.

Deferred tax

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

sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or

a right to pay less or to receive more, tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that the directors consider it is more likely than not that

there will be suitable taxable profits from which the future reversal of the underlying timing differences can be

deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which the timing differences reverse, based on tax rates and laws enacted or substantially enacted at the balance

sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 May 2014

and 30 April 2015

1,725,750

NET BOOK VALUE

At 30 April 2015

1,725,750

At 30 April 2014

1,725,750

The investment properties were last valued on 30 April 2009 by Mr W J Poole, and Mr B A Rock, directors of

the company.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

150

A Ordinary

£1

150

150

150

B Ordinary

£1

150

150

300

300

All classes of share capital rank pari passu in all respects.