| College Hill London Ltd |
| Registered number: |
09041575 |
| Abbreviated Balance Sheet |
| as at 31 December 2015 |
|
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
|
| Fixed assets |
| Tangible assets |
2 |
|
|
23,536,295 |
|
|
23,234,521 |
|
| Current assets |
| Debtors |
|
|
140,106 |
|
|
136,643 |
| Bank |
|
|
870,732 |
|
|
922,281 |
|
|
|
1,010,838 |
|
|
1,058,924 |
| Creditors: amounts falling due within one year |
|
|
(1,310,373) |
|
|
(1,210,015) |
|
| Net current liabilities |
|
|
|
(299,535) |
|
|
(151,091) |
|
| Total assets less current liabilities |
|
|
|
23,236,760 |
|
|
23,083,430 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(23,130,535) |
|
|
(22,897,890) |
|
| Net assets |
|
|
|
106,225 |
|
|
185,540 |
|
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
106,125 |
|
|
185,440 |
|
| Shareholder's funds |
|
|
|
106,225 |
|
|
185,540 |
|
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
| The accounts were approved by the directors on 13 May 2016 |
|
|
|
|
| Mehmet Ali Erdogan |
| Director |
|
| College Hill London Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2015 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Property income |
|
Turnover represents rent and other receivables from property. |
|
|
Investment property |
|
The directors acknowledge that the Financial Reporting Statement for Smaller Entities require the investment property to be valued on an open market basis. However, the directors believe that a new valuation is not necessary because in their opinion the market value of the property at the end of the year is not materially different than the cost of purchase of the property in 2014.
No provision is made for depreciation of the investment property. This is a departure from the Companies Act 2006 which require all tangible fixed assets to be depreciated. In the opinion of the directors this departure is justified because the undepreciated value of the property more closely reflects a true and fair view of the underlying market value of the long-term investment property. |
|
|
Deferred taxation |
|
The accounts include provision for any deferred tax liability arising from material timing differences between the accounting and tax treatment of items. Any deferred tax asset arising from the same is recognised to the extent that the directors consider it more likely than not that it is recoverable. |
|
|
| 2 |
Tangible assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
23,234,521 |
|
Additions |
402,367 |
|
At 31 December 2015 |
23,636,888 |
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
100,593 |
|
At 31 December 2015 |
100,593 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
23,536,295 |
|
At 31 December 2014 |
23,234,521 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2015 |
|
2014 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans |
12,222,000 |
|
12,600,000 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
