Fengrow Limited - Abbreviated accounts 16.1

Fengrow Limited - Abbreviated accounts 16.1

FENGROW LIMITED - Company Information

Print Friendly Version

SC166517 1.10.14 30.9.15 30.9.15 Company accounts Private Limited Company FY true false true false false true false Ordinary shares 1.00000 Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC1665172014-09-30SC1665172015-09-30SC1665172014-10-012015-09-30SC1665172013-09-30SC1665172013-10-012014-09-30SC1665172014-09-30SC166517ns12:Scotland2014-10-012015-09-30SC166517ns14:PoundSterling2014-10-012015-09-30SC166517ns7:Director12014-10-012015-09-30SC166517ns7:OrdinaryShareClass12014-10-012015-09-30SC166517ns7:CompanySecretary2014-10-012015-09-30SC166517ns7:RegisteredOffice2014-10-012015-09-30SC166517ns7:EntityAccountantsOrAuditors2014-10-012015-09-30SC166517ns5:InvestmentProperties2015-09-30SC166517ns5:InvestmentProperties2014-09-30SC166517ns5:InvestmentProperties2014-09-30SC166517ns7:OrdinaryShareClass12015-09-30SC166517ns7:OrdinaryShareClass12014-09-30
REGISTERED NUMBER: SC166517 (Scotland)















Abbreviated Unaudited Accounts

for the Year Ended 30 September 2015

for

FENGROW LIMITED

FENGROW LIMITED (REGISTERED NUMBER: SC166517)

Contents of the Abbreviated Accounts
for the year ended 30 September 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

FENGROW LIMITED

Company Information
for the year ended 30 September 2015







Director: C M Beattie





Secretary: K Kirkland





Registered office: 731 Great Western Road
Glasgow
G12 8QX





Registered number: SC166517 (Scotland)





Accountants: Haines Watts Manchester Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN
Page 1
FENGROW LIMITED (REGISTERED NUMBER: SC166517)

Abbreviated Balance Sheet
30 September 2015

2015 2014
Notes £    £    £    £   
Fixed assets
Investment property 2 400,000 400,000

Current assets
Debtors 3 280,485 265,338
Cash at bank 335 -
280,820 265,338
Creditors
Amounts falling due within one year 4 244,369 171,597
Net current assets 36,451 93,741
Total assets less current liabilities 436,451 493,741

Creditors
Amounts falling due after more than one year 4 152,469 170,339
Net assets 283,982 323,402

Capital and reserves
Called up share capital 5 2 2
Revaluation reserve 272,527 272,527
Profit and loss account 11,453 50,873
Shareholders' funds 283,982 323,402

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 23 June 2016 and were signed by:




C M Beattie - Director


The notes on page 3 form part of these abbreviated accounts

Page 2
FENGROW LIMITED (REGISTERED NUMBER: SC166517)

Notes to the Abbreviated Accounts
for the year ended 30 September 2015


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).

Turnover
Turnover comprises of revenue recognised by the company in respect of rental income and discounts received during the
year.

Investment property
Certain of the company's properties are held for long-term investment. Investment properties are accounted for in
accordance with the FRSSE, as follows:

No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on
revaluation is transferred to the revaluation reserve unless a deficit below original cost, 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 treatment as regards the company's investment properties may be a departure from the requirements of the
Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for
investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy
adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only
one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be
separately identified or quantified.

2. Investment property
Total
£   
Cost or valuation
At 1 October 2014
and 30 September 2015 400,000
Net book value
At 30 September 2015 400,000
At 30 September 2014 400,000

3. Debtors: amounts falling due after more than one year

The aggregate total of debtors falling due after more than one year is £ 257,920 (2014 - £ 257,920 )

4. Creditors

Creditors include an amount of £ 170,136 (2014 - £ 190,152 ) for which security has been given.

5. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
2 Ordinary shares £1 2 2

Page 3