T. Stace & Sons Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 09164217 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 6 AUGUST 2014 TO 30 SEPTEMBER 2015

FOR

T. STACE & SONS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

T R Stace

N C Stace

T A Stace

REGISTERED OFFICE:

Pavilion View

19 New Road

Brighton

East Sussex

BN1 1EY

REGISTERED NUMBER:

09164217 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

Pavilion View

19 New Road

Brighton

East Sussex

BN1 1EY

FIXED ASSETS

Investments

2

-

Investment property

3

1,415,000

1,415,000

CURRENT ASSETS

Debtors

31,278

Investments

168,567

Cash at bank

11,505

211,350

CREDITORS

Amounts falling due within one year

351,637

NET CURRENT LIABILITIES

(140,287

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,274,713

CAPITAL AND RESERVES

Called up share capital

4

570

Profit and loss account

1,274,143

SHAREHOLDERS' FUNDS

1,274,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 31 March 2016 and were signed on its behalf by:

T R Stace - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the rental income received from the investment properties, excluding value added tax where

applicable.

Investment property

Investment properties are included in the balance sheet at their open market value. Investment properties are

not depreciated. Although this accounting policy is in accordance with applicable accounting standard SSAP 19,

Accounting for Investment Properties, it is a departure from the general requirement of the Companies Act 2006

for all tangible assets to be depreciated. In our opinion the directors compliance with the standard is necessary

for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors

reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be

separately identified or quantified.

Deferred tax

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

sheet date.

Current asset investments

Current asset investments are stated at the lower of cost and current market value.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

380

Disposals

(380

)

At 30 September 2015

-

NET BOOK VALUE

At 30 September 2015

-

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Joint venture

Silvi Trimmings Limited

Nature of business: Property Investment

%

Class of shares:

holding

Ordinary

50.00

2015

£

Aggregate capital and reserves

1,083,068

Profit for the period

86,260

In accordance with the reorganisation of Silvi Trimmings Limited referred to in Note 14 the company acquired the

"T" division shares on 30 September 2014. As part of this transaction the company received a dividend in-specie

of £1,186,487 which was paid by the transfer of investments properties, listed investments and directors loans.

The shares were then cancelled by Silvi Trimmings Limited on 29 October 2014.

3.	INVESTMENT PROPERTY

Total

£

COST

Additions

1,415,000

At 30 September 2015

1,415,000

NET BOOK VALUE

At 30 September 2015

1,415,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

570

Ordinary

£1

570

570 Ordinary shares of £1 were issued during the period for cash of £ 570 .

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 September 2015:

£

N C Stace

Balance outstanding at start of period

-

Amounts advanced

27

Amounts repaid

-

Balance outstanding at end of period

27