Abbreviated Company Accounts - HORSESHOE CLOSE LIMITED

HORSESHOE CLOSE LIMITED - Company Information

05848597 HORSESHOE CLOSE LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 05848597 2014-07-01 2015-06-30 05848597 2015-06-30 05848597 2014-06-30 05848597 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 05848597 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-06-30 iso4217:GBP shares

Registered Number 05848597

HORSESHOE CLOSE LIMITED

Abbreviated Accounts

30 June 2015

HORSESHOE CLOSE LIMITED Registered Number 05848597

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	577,000	577,000
		577,000	577,000
Current assets
Debtors		75,627	65,627
Cash at bank and in hand		2,106	11,029
		77,733	76,656
Creditors: amounts falling due within one year		(16,446)	(36,638)
Net current assets (liabilities)		61,287	40,018
Total assets less current liabilities		638,287	617,018
Creditors: amounts falling due after more than one year		(515,000)	(515,000)
Total net assets (liabilities)		123,287	102,018
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		123,187	101,918
Shareholders' funds		123,287	102,018

For the year ending 30 June 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 February 2016

And signed on their behalf by:
Colin Mountain, Director

HORSESHOE CLOSE LIMITED Registered Number 05848597

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

Other accounting policies
Investment Properties
All properties owned by the company are held as investment properties. The accounting treatment of these properties is in accordance with SSAP19. The properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve.

Creditors: amounts falling due after more than one year
Creditors include the following:

Instalments repayable after more than five years 2015 is £515,000 and 2014 is £515,000.

Secured creditors 2015 is £515,000 and 2014 is £515,000.

The bank loan is secured by a first legal charge dated 27 October 2006 over the freehold properties and an unlimited debenture dated 28 February 2007 from the company. They also hold an all moneys guarantee dated 15 February 2007 from Mr C Mountain for a principal sum of £50,000.

2Tangible fixed assets

	£
Cost
At 1 July 2014	577,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	577,000
Depreciation
At 1 July 2014	-
Charge for the year	-
On disposals	-
At 30 June 2015	-
Net book values
At 30 June 2015	577,000
At 30 June 2014	577,000

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
70 A Ordinary shares of £1 each	70	70
30 B Ordinary shares of £1 each	30	30