SENSEPARK_PROPERTIES_LIMI - Accounts

SENSEPARK PROPERTIES LIMITED - Company Information

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Company Registration No. 02497763 (England and Wales)

SENSEPARK PROPERTIES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2015

SENSEPARK PROPERTIES LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

SENSEPARK PROPERTIES LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SENSEPARK PROPERTIES LIMITED FOR THE YEAR ENDED 31 MAY 2015

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 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 Sensepark Properties Limited for the year ended 31 May 2015 set out on pages 3 to 8 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Sensepark Properties Limited, as a body, in accordance with the terms of our engagement letter dated 17 January 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Sensepark Properties Limited and state those matters that we have agreed to state to the Board of Directors of Sensepark Properties 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 Sensepark Properties Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Sensepark Properties 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 Sensepark Properties Limited. You consider that Sensepark Properties 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 Sensepark Properties 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.

Gerald Edelman

16 February 2016

Chartered Accountants

73 Cornhill

London

EC3V 3QQ

SENSEPARK PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2015

- 2 -

2015

2014

Notes

Fixed assets

Tangible assets

250,016

250,021

Current assets

Debtors

100

779

Cash at bank and in hand

6,131

12,804

6,231

13,583

Creditors: amounts falling due within one year

(30,909)

(30,722)

Net current liabilities

(24,678)

(17,139)

Total assets less current liabilities

225,338

232,882

Creditors: amounts falling due after more than one year

(32,772)

(38,695)

192,566

194,187

Capital and reserves

Called up share capital

100

Revaluation reserve

111,796

Profit and loss account

80,670

82,291

Shareholders' funds

192,566

194,187

For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 February 2016

Y Cooper

Director

Company Registration No. 02497763

SENSEPARK PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for rent from letting of the company's investment properties.

Rent is recognised on an accrued basis, net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% Reducing Balance

Fixed assets

Tangible assets

Cost or valuation

At 1 June 2014 & at 31 May 2015

252,691

Depreciation

At 1 June 2014

2,670

Charge for the year

At 31 May 2015

2,675

Net book value

At 31 May 2015

250,016

At 31 May 2014

250,021

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £5,683).

SENSEPARK PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2015

- 4 -

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £38,695).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100