William Frost (Heanor) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00409091 (England and Wales)

WILLIAM FROST (HEANOR) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

333

1

Investment property

3

1,020,838

1,021,171

1,020,839

CURRENT ASSETS

Debtors

4

18,321

28,117

Cash at bank

429,804

432,223

448,125

460,340

CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

58,712

65,342

NET CURRENT ASSETS

389,413

394,998

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,410,584

1,415,837

CAPITAL AND RESERVES

Called up share capital

5

10,000

Revaluation reserve

789,623

Profit and loss account

610,961

616,214

SHAREHOLDERS' FUNDS

1,410,584

1,415,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 11 May 2016 and were signed on its
behalf by:

P A Frost - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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).

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).

Turnover

Turnover represents amounts receivable in respect of property lettings and is stated net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

1,702

Additions

499

At 31 January 2016

2,201

DEPRECIATION

At 1 February 2015

1,701

Charge for year

167

At 31 January 2016

1,868

NET BOOK VALUE

At 31 January 2016

333

At 31 January 2015

1

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 February 2015

and 31 January 2016

1,020,838

NET BOOK VALUE

At 31 January 2016

1,020,838

At 31 January 2015

1,020,838

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 5,704 (2015 - £ 15,338 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

4,000

A ordinary shares

£1

4,000

6,000

B ordinary shares

£1

6,000

10,000