Herczel & Freeds Limited - Limited company - abbreviated - 11.0.0

Herczel & Freeds Limited - Limited company - abbreviated - 11.0.0

HERCZEL & FREEDS LTD - Company Information

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REGISTERED NUMBER: 03222796 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

HERCZEL & FREEDS LIMITED

HERCZEL & FREEDS LIMITED (REGISTERED NUMBER: 03222796)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

HERCZEL & FREEDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2013







DIRECTORS: S Herczel
M Herczel





SECRETARY: E Herczl





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 03222796 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
HERCZEL & FREEDS LIMITED (REGISTERED NUMBER: 03222796)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2013

31.12.13 31.12.12
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 5,009 5,893
Investment property 3 1,027,979 1,027,979
1,032,988 1,033,872

CURRENT ASSETS
Debtors 144,672 111,027
Cash at bank 10,334 5,766
155,006 116,793
CREDITORS
Amounts falling due within one year 75,504 47,181
NET CURRENT ASSETS 79,502 69,612
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,112,490
1,103,484

CREDITORS
Amounts falling due after more than one
year
4
506,834
605,475
NET ASSETS 605,656 498,009

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Revaluation reserve 317,500 317,500
Profit and loss account 287,156 179,509
SHAREHOLDERS' FUNDS 605,656 498,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 notes form part of these abbreviated accounts

Page 2 continued...
HERCZEL & FREEDS LIMITED (REGISTERED NUMBER: 03222796)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2013


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 29 September 2014 and were signed on its behalf
by:





S Herczel - Director


The notes form part of these abbreviated accounts

Page 3
HERCZEL & FREEDS LIMITED (REGISTERED NUMBER: 03222796)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013

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 represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% on reducing balance

Investment property - depreciation
In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or
amortisation is provided in respect of freehold investment properties nor on leasehold investment properties
having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act
2006, for all properties to be depreciated, is necessary, as the director considers that this accounting policy
results in the financial statements giving true and fair view.

Investment properties
Investment Properties are included in the Balance Sheet at historical cost, which is not in accordance with
Financial Reporting Standard for Smaller Entities(effective April 2008), which requires such properties to be
stated at current market value.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013
and 31 December 2013 39,624
DEPRECIATION
At 1 January 2013 33,731
Charge for year 884
At 31 December 2013 34,615
NET BOOK VALUE
At 31 December 2013 5,009
At 31 December 2012 5,893

3. INVESTMENT PROPERTY
Total
£   
COST
At 1 January 2013
and 31 December 2013 1,027,979
NET BOOK VALUE
At 31 December 2013 1,027,979
At 31 December 2012 1,027,979

Page 4 continued...
HERCZEL & FREEDS LIMITED (REGISTERED NUMBER: 03222796)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2013

4. CREDITORS

Creditors include the following debts falling due in more than five years:

31.12.13 31.12.12
£    £   
Repayable by instalments 506,834 605,475

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.13 31.12.12
value: £    £   
1,000 Ordinary £1 1,000 1,000

Page 5