Paton Estates Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02142998 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Paton Estates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P J Waugh

A Waugh

SECRETARY:

A Waugh

REGISTERED OFFICE:

Grove House

1 Grove Place

Bedford

Bedfordshire

MK40 3JJ

REGISTERED NUMBER:

02142998 (England and Wales)

ACCOUNTANTS:

Thompsons Accountants and Advisors Ltd

Chartered Accountants

Grove House

1 Grove Place

Bedford

Bedfordshire

MK40 3JJ

FIXED ASSETS

Investment property

2

758,740

758,740

CURRENT ASSETS

Debtors

749

749

Cash at bank

52,641

52,286

53,390

53,035

CREDITORS

Amounts falling due within one year

56,501

44,283

NET CURRENT (LIABILITIES)/ASSETS

(3,111

)

8,752

TOTAL ASSETS LESS CURRENT LIABILITIES

755,629

767,492

CREDITORS

Amounts falling due after more than one year

250,000

275,000

NET ASSETS

505,629

492,492

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

505,529

492,392

SHAREHOLDERS' FUNDS

505,629

492,492

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 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 30 January 2016 and were signed on its behalf by:

P J Waugh - Director

A Waugh - 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 rents receivable excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market

value is transferred to a revaluation reserve.

Deferred tax

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

date.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 July 2014

and 30 June 2015

758,740

NET BOOK VALUE

At 30 June 2015

758,740

At 30 June 2014

758,740

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

100

Ordinary

£1

100

100

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £25,400 (2014 - £25,700) were paid to the directors .

Mr and Mrs Waugh

Directors

30.6.15

30.6.14

£

£

Amount due to related party at the balance sheet date

294,517

307,301