360 Global Estates Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05830853 (England and Wales)

360 GLOBAL ESTATES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

1 OCTOBER 2012 TO 31 DECEMBER 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G C Yates

C Yates

SECRETARY:

C Yates

REGISTERED OFFICE:

Kelham House

Kelham Street

Doncaster

South Yorkshire

DN1 3RE

REGISTERED NUMBER:

05830853 (England and Wales)

FIXED ASSETS

Tangible assets

2

1,602,228

1,602,228

Investments

3

50,000

50,000

1,652,228

1,652,228

CURRENT ASSETS

Debtors

35,309

43,713

Cash at bank

13,799

25,880

49,108

69,593

CREDITORS

Amounts falling due within one year

4

568,714

330,741

NET CURRENT LIABILITIES

(519,606

)

(261,148

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,132,622

1,391,080

CREDITORS

Amounts falling due after more than one year

4

377,139

612,995

NET ASSETS

755,483

778,085

CAPITAL AND RESERVES

Called up share capital

5

50,000

50,000

Revaluation reserve

37,668

37,668

Profit and loss account

667,815

690,417

SHAREHOLDERS' FUNDS

755,483

778,085

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

The members have not required the company to obtain an audit of its financial statements for the period 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 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 18 September 2014 and were signed on its behalf by:

G C Yates - Director

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).

Preparation of consolidated financial statements

The financial statements contain information about 360 Global Estates Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced rental income, excluding value added tax.

Tangible fixed assets

No depreciation is provided on land and buildings as the residual value of land and buildings is greater than the

cost stated in the accounts.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Going concern

The accounts have been prepared on the going concern basis. At 31 December 2013, the company had net

current liabilities of £519,606 (2012: £261,148). The directors consider the basis of the preparation to be

appropriate as a result of expected continuing financial support from the company's principal creditors and it's

future prospects.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 October 2012

and 31 December 2013

1,602,228

NET BOOK VALUE

At 31 December 2013

1,602,228

At 30 September 2012

1,602,228

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2012

and 31 December 2013

50,000

NET BOOK VALUE

At 31 December 2013

50,000

At 30 September 2012

50,000

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

Sentry Doors Limited

Nature of business: Door manufacturers and merchanting.

%

Class of shares:

holding

Ordinary

100.00

2013

2012

£

£

Aggregate capital and reserves

301,963

256,032

Profit for the period/year

45,931

91,813

4.

CREDITORS

Creditors include an amount of £ 447,338 (2012 - £ 661,044 ) for which security has been given.

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

2013

2012

£

£

Repayable by instalments

96,339

405,730

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

50,000

Ordinary

£1

50,000

50,000