N & S Property Investments Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06275502 (England and Wales)

N & S PROPERTY INVESTMENTS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

N N Patel

Mrs S Patel

SECRETARY:

Mrs S Patel

REGISTERED OFFICE:

155 Wellingborough Road

RUSHDEN

Northamptonshire

NN10 9TB

REGISTERED NUMBER:

06275502 (England and Wales)

ACCOUNTANTS:

Trevor L Newell & Co

155 Wellingborough Road

RUSHDEN

Northamptonshire

NN10 9TB

FIXED ASSETS

Tangible assets

2

1,080,902

920,942

CURRENT ASSETS

Debtors

1,067

1,850

Cash at bank

20,690

31,035

21,757

32,885

CREDITORS

Amounts falling due within one year

258,862

269,554

NET CURRENT LIABILITIES

(237,105

)

(236,669

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

843,797

684,273

CREDITORS

Amounts falling due after more than one
year

3

579,340

NET ASSETS

264,457

104,933

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

306,025

146,025

Profit and loss account

(41,668

)

(41,192

)

SHAREHOLDERS' FUNDS

264,457

104,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 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 May 2016 and were signed on its behalf by:

N N Patel - 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 January

2015).

Turnover

Turnover represents net invoiced supply of services, excluding value added tax. None relates to exports.

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

No depreciation is provided for the company's properties,

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 July 2014

926,813

Additions

826

Revaluations

160,000

At 30 June 2015

1,087,639

DEPRECIATION

At 1 July 2014

5,871

Charge for year

866

At 30 June 2015

6,737

NET BOOK VALUE

At 30 June 2015

1,080,902

At 30 June 2014

920,942

3.

CREDITORS

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

2015

2014

£

Repayable otherwise than by instalments

579,340

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

5.	PROPERTY PURCHASES

The company's directors are providing personal guarantees to cover all mortgages and other liabilities relating to

the purchase of the company properties.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of N & S Property Investments Limited for the year ended 30 June 2015 which comprise the Profit

and Loss Account, the Balance Sheet, the Statement of Total Recognised Gains and Losses and the related notes from

the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of N & S Property Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of N & S Property Investments Limited and state those matters that we have agreed to state to the Board of Directors of N & S Property Investments Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that N & S Property Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of N & S Property Investments Limited. You consider that N & S Property Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of N & S Property Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Trevor L Newell & Co

155 Wellingborough Road

RUSHDEN

Northamptonshire

NN10 9TB

18 May 2016