Fanshaw Limited - Abbreviated accounts 16.1
Fanshaw Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015 |
| FOR |
| FANSHAW LIMITED |
| FANSHAW LIMITED (REGISTERED NUMBER: 03740892) |
| 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 |
| FANSHAW LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 June 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| FANSHAW LIMITED (REGISTERED NUMBER: 03740892) |
| ABBREVIATED BALANCE SHEET |
| 30 June 2015 |
| 30.6.15 | 30.6.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation 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. |
| FANSHAW LIMITED (REGISTERED NUMBER: 03740892) |
| ABBREVIATED BALANCE SHEET - continued |
| 30 June 2015 |
| The financial statements were approved by the Board of Directors on |
| FANSHAW LIMITED (REGISTERED NUMBER: 03740892) |
| 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 January |
| 2015). |
| Tangible fixed assets |
| Freehold property | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Investment property |
| In accordance with SSAP 19, investment properties are revalued annually and the aggregate surplus or deficit is |
| transferred to the revaluation reserve. In the case of permanent diminution, the deficit is taken to the profit and |
| loss account. No depreciation is provided in respect of freehold or leasehold investment properties with over 20 |
| years to run which accords with the Financial Reporting Standard for Smaller Entities. |
| The Companies Act 2006 requires all properties to be depreciated. However this requirement conflicts with the |
| generally accepted accounting principle set out in SSAP 19. The directors consider that, because these properties |
| are not held for consumption but for their investment potential, to depreciate them would not give a true and fair |
| view. Therefore it is necessary to adopt SSAP 19 in order to give a true and fair view. |
| If this departure from the Act had not been made, the profit for the financial year would had been reduced by |
| depreciation. However, the amount of depreciation can not reasonably be quantified because depreciation is only |
| one of the many factors reflected in the annual accounts and the amount which might otherwise have been shown |
| cannot be separately identified or quantified |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST OR VALUATION |
| At 1 July 2014 |
| and 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. | CREDITORS |
| Creditors include an amount of £ |
| FANSHAW LIMITED (REGISTERED NUMBER: 03740892) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 30 June 2015 |
| 3. | CREDITORS - continued |
| They also include the following debts falling due in more than five years: |
| 30.6.15 | 30.6.14 |
| £ | £ |
| Repayable by instalments | 103,947 | 103,947 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.15 | 30.6.14 |
| value: | £ | £ |
| Ordinary shares | £1 |