Hill & Sons(Botley & Denmead)Limited - Limited company - abbreviated - 11.9
Hill & Sons(Botley & Denmead)Limited - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2015 |
FOR |
HILL & SONS(BOTLEY & DENMEAD)LIMITED |
HILL & SONS(BOTLEY & DENMEAD)LIMITED (REGISTERED NUMBER: 00403721) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
HILL & SONS(BOTLEY & DENMEAD)LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2015 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
HILL & SONS(BOTLEY & DENMEAD)LIMITED (REGISTERED NUMBER: 00403721) |
ABBREVIATED BALANCE SHEET |
30 JUNE 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investment property | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
4 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Revaluation reserve |
Capital redemption reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
HILL & SONS(BOTLEY & DENMEAD)LIMITED (REGISTERED NUMBER: 00403721) |
ABBREVIATED BALANCE SHEET - continued |
30 JUNE 2015 |
The financial statements were approved by the Board of Directors on behalf by: |
HILL & SONS(BOTLEY & DENMEAD)LIMITED (REGISTERED NUMBER: 00403721) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2015 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the |
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
Entities (effective April 2008). |
Turnover |
Turnover in the year represents rents receivable and sales of services, excluding Value Added Tax. |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
Investment property |
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising |
from changes in market value is transferred to a revaluation reserve. |
All properties are held for their investment potential and are not depreciated. This is a departure from |
the requirements of the Companies Act 2006 which requires all properties to be depreciated. The |
directors consider that to depreciate them would not give a true and fair view. Depreciation is only one |
amongst many factors reflected in the 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. Deferred tax on properties that have been revalued is only provided where |
there is a binding agreement for sale at the balance sheet date. |
Revaluation reserve |
Surpluses and deficits, to the extent that any deficit is regarded as temporary, arising from the |
valuations of properties are taken direct to the revaluation reserve. Where a permanent diminution in |
value of an individual property is identified, the deficit is eliminated first against any revaluation reserve |
in respect of that property with any excess being charged to the profit and loss account. Valuation |
surpluses or deficits realised on sale are transferred from the revaluation reserve to the profit and loss |
account. |
HILL & SONS(BOTLEY & DENMEAD)LIMITED (REGISTERED NUMBER: 00403721) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 JUNE 2015 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2014 |
Additions |
At 30 June 2015 |
DEPRECIATION |
At 1 July 2014 |
Charge for year |
At 30 June 2015 |
NET BOOK VALUE |
At 30 June 2015 |
At 30 June 2014 |
3. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 July 2014 |
and 30 June 2015 |
NET BOOK VALUE |
At 30 June 2015 |
At 30 June 2014 |
4. | CREDITORS |
Creditors include an amount of £ |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary shares | £1 |
'B' Ordinary shares | £1 |
12,132 | 12,132 |
HILL & SONS(BOTLEY & DENMEAD)LIMITED (REGISTERED NUMBER: 00403721) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 JUNE 2015 |
6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 30 June 2015 and |
30 June 2014: |
2015 | 2014 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Balance outstanding at end of year |
The overdrawn directors loan account has been repaid since the year end by the payment of a |
dividend. |
7. | DEFERRED TAXATION |
If the freehold properties were disposed of at their revalued amounts the estimated corporation tax |
payable at 21% would be £71,623. |