Abbreviated Company Accounts - MANOR PROPERTIES (CHIGWELL) LIMITED

MANOR PROPERTIES (CHIGWELL) LIMITED - Company Information

Registered Number 02964388

MANOR PROPERTIES (CHIGWELL) LIMITED

Abbreviated Accounts

29 September 2015

MANOR PROPERTIES (CHIGWELL) LIMITED Registered Number 02964388

Abbreviated Balance Sheet as at 29 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	870,168	870,168
		870,168	870,168
Current assets
Cash at bank and in hand		96,780	56,302
		96,780	56,302
Creditors: amounts falling due within one year		(15,667)	(14,697)
Net current assets (liabilities)		81,113	41,605
Total assets less current liabilities		951,281	911,773
Total net assets (liabilities)		951,281	911,773
Capital and reserves
Called up share capital		100	100
Revaluation reserve		464,393	464,393
Profit and loss account		486,788	447,280
Shareholders' funds		951,281	911,773

For the year ending 29 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 November 2015

And signed on their behalf by:
D SUMAL, Director

MANOR PROPERTIES (CHIGWELL) LIMITED Registered Number 02964388

Notes to the Abbreviated Accounts for the period ended 29 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover is rents received

Tangible assets depreciation policy
Investment properties are shown at their open market value. The surplus or deficit arising from
the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its
reversal, on an individual investment property is expected to be permanent, in which case it is
recognised in the profit and loss account for the year.
This is in accordance with the FRSSE which, unlike Schedule 4 to the Companies Act 1985,
does not require depreciation of investment properties. Investment properties are held for their
investment potential and not for use by the company and so their current value is of prime
importance. The departure from the provisions of the Act is required in order to give a true and
fair view.

2Tangible fixed assets

	£
Cost
At 30 September 2014	881,319
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 29 September 2015	881,319
Depreciation
At 30 September 2014	11,151
Charge for the year	-
On disposals	-
At 29 September 2015	11,151
Net book values
At 29 September 2015	870,168
At 29 September 2014	870,168