Northstar (Grimsby) Properties Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03685451 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

NORTHSTAR (GRIMSBY) PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs K Y Keane

SECRETARY:

M Keane

REGISTERED OFFICE:

23 Chantry Lane

Grimsby

N E LINCOLNSHIRE

DN31 2LP

REGISTERED NUMBER:

03685451 (England and Wales)

ACCOUNTANTS:

D Flynn Associates Limited

Chartered Certified Accountants

and Business Advisors

23 Chantry Lane

Grimsby

N E Lincolnshire

DN31 2LP

FIXED ASSETS

418

Tangible assets

2

200

424,504

Investment property

3

424,504

424,922

424,704

CURRENT ASSETS

4,795

Cash at bank

2,682

CREDITORS

285,089

Amounts falling due within one year

268,018

(280,294

)

NET CURRENT LIABILITIES

(265,336

)

144,628

TOTAL ASSETS LESS CURRENT LIABILITIES

159,368

CAPITAL AND RESERVES

2

Called up share capital

4

2

144,626

Profit and loss account

159,366

144,628

SHAREHOLDERS' FUNDS

159,368

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 3 February 2016 and were signed by:

Mrs K Y Keane - 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).

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.

Plant and machinery etc

-

25% on cost

Investment property

Depreciation is not provided in respect of freehold investment properties or in respect of leasehold investment

properties where the unexpired term of the lease is more than 20 years. The director considers that this

accounting policy, which represents a departure from the statutory accounting rules, is necessary to provide a

true and fair view as required under SSAP 19 "accounting for investment properties". The financial effect of the

departure from the statutory accounting rules is not material.

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

At 1 December 2014

and 30 November 2015

4,594

DEPRECIATION

At 1 December 2014

4,176

Charge for year

218

At 30 November 2015

4,394

NET BOOK VALUE

At 30 November 2015

200

At 30 November 2014

418

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 December 2014

and 30 November 2015

424,504

NET BOOK VALUE

At 30 November 2015

424,504

At 30 November 2014

424,504

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

£

2

Ordinary

£1

2

2