NEW CHURTON PROPERTIES LIMITED Accounts filed on 31-03-2014

NEW CHURTON PROPERTIES LIMITED - Company Information

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NEW CHURTON PROPERTIES LIMITED

Company Registration Number:
07711679 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st April 2013

End date: 31st March 2014

SUBMITTED

Company Information
for the Period Ended 31st March 2014

Director:		John O'Connor
		James O'Sullivan
		Patrick O'Sullivan



Company secretary:		Patrick O'Sullivan



Registered office:		47 Canons Drive


		Edgware
		Middlesex
		HA8 7RG




Company Registration Number:		07711679 (England and Wales)

Abbreviated Balance sheet
As at 31st March 2014

	Notes	2014 £	2013 £
Fixed assets
Tangible assets:	4	1,889,792	1,453,607
Total fixed assets:		1,889,792	1,453,607
Current assets
Cash at bank and in hand:		18,371	14,445
Total current assets:		18,371	14,445
Creditors
Creditors: amounts falling due within one year	5	27,661	12,664
Net current assets (liabilities):		( 9,290 )	1,781
Total assets less current liabilities:		1,880,502	1,455,388
Creditors: amounts falling due after more than one year:	6	1,793,512	1,399,505
Total net assets (liabilities):		86,990	55,883

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st March 2014
continued

	Notes	2014 £	2013 £
Capital and reserves
Called up share capital:	8	3	3
Profit and Loss account:		86,987	55,880
Total shareholders funds:		86,990	55,883

For the year ending 31 March 2014 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.

The financial statements were approved by the Board of Directors on 08 September 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: John O'Connor
Status: Director
Name: James O'Sullivan
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

1. Accounting policies

Basis of measurement and preparation of accounts

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).

Turnover policy

Turnover represents the net proceeds from the rental of properties held.

Tangible fixed assets depreciation policy

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

Other accounting policies

Investment properties Investment properties are revalued annually and are not depreciated or amortised. This treatment is a departure from the requirement of Company Law to provide depreciation on all fixed assets, which have a limited useful life. However, these investment properties are not held for consumption but for investment. The directors believe that the policy of not providing depreciation is necessary in order for the Financial Statements to give a true and fair view, since the current value of investment properties, and changes to that current value are of prime importance rather than the calculation of annual depreciation. Increases in value are transferred to a revaluation reserve and are taken to the statement of total recognised gains or losses. Where the valuation indicates an impairment in the value of the property, the impairment is transferred to the statement of total recognised gains and losses to a maximum of the sum of the previous revaluation gains. The remainder is charged to the profit and loss account. Taxation The yearly charge for taxation is based on the profit for the year and is calculated with reference to the tax rates applying at the balance sheet date. Deferred taxation is calculated on the difference between the company's taxable profits and the results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

4. Tangible assets

	Total
Cost	£
At 01st April 2013:	1,453,607
Additions:	436,185
At 31st March 2014:	1,889,792
Net book value
At 31st March 2014:	1,889,792
At 31st March 2013:	1,453,607

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

5. Creditors: amounts falling due within one year

	2014 £	2013 £
Taxation and social security:	7,220	7,443
Other creditors:	20,441	5,221
Total:	27,661	12,664

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

6. Creditors: amounts falling due after more than one year

	2014 £	2013 £
Bank loans and overdrafts:	1,068,150	819,000
Other creditors:	725,362	580,505
Total:	1,793,512	1,399,505

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

8. Called up share capital

Allotted, called up and paid

Previous period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	3	1.00 1.00	3
Total share capital:			3

Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	3	1.00 1.00	3
Total share capital:			3

NEW CHURTON PROPERTIES LIMITED Accounts filed on 31-03-2014