Neil Palmer Properties Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06540710 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

Neil Palmer Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N Palmer

Mrs M Palmer

SECRETARY:

Mrs M Palmer

REGISTERED OFFICE:

30-32 High Street

Codnor

Ripley

Derbyshire

DE5 9QB

REGISTERED NUMBER:

06540710 (England and Wales)

ACCOUNTANTS:

Butler Cook

30-32 High Street

Codnor

Ripley

Derbyshire

DE5 9QB

BANKERS:

HSBC Bank plc

Church Street

Ripley

Derbyshire

DE5 2BY

FIXED ASSETS

Tangible assets

2

258,245

258,427

CURRENT ASSETS

Debtors

1,800

Cash at bank

9,062

7,150

10,862

8,950

CREDITORS

Amounts falling due within one year

262,603

262,114

NET CURRENT LIABILITIES

(251,741

)

(253,164

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,504

5,263

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

5,504

4,263

SHAREHOLDERS' FUNDS

6,504

5,263

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 May 2016 and were signed on its behalf by:

N Palmer - Director

Mrs M Palmer - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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.

Land and buildings

-

at varying rates on cost

Plant and machinery etc

-

33% on reducing balance

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 April 2015

and 31 March 2016

258,609

DEPRECIATION

At 1 April 2015

182

Charge for year

182

At 31 March 2016

364

NET BOOK VALUE

At 31 March 2016

258,245

At 31 March 2015

258,427

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000