Neilson Properties Limited - Limited company - abbreviated - 11.0.0

Neilson Properties Limited - Limited company - abbreviated - 11.0.0


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REGISTERED NUMBER: 04386142 (England and Wales)












NEILSON PROPERTIES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31 MARCH 2014






NEILSON PROPERTIES LIMITED (REGISTERED NUMBER: 04386142)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 March 2014




Page

Company information 1

Abbreviated balance sheet 2

Notes to the abbreviated accounts 4

Report of the accountants 6

NEILSON PROPERTIES LIMITED

COMPANY INFORMATION
for the year ended 31 March 2014







DIRECTORS: L S Neilson
O S Neilson





SECRETARY: L S Neilson





REGISTERED OFFICE: Tulip House
70 Borough High Street
London
SE1 1XF





REGISTERED NUMBER: 04386142 (England and Wales)





ACCOUNTANTS: F W Berringer & Co
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

NEILSON PROPERTIES LIMITED (REGISTERED NUMBER: 04386142)

ABBREVIATED BALANCE SHEET
31 March 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,321 1,652
Investment property 3 854,003 830,608
855,324 832,260

CURRENT ASSETS
Debtors 410,571 414,120
Cash at bank 9,264 4,473
419,835 418,593
CREDITORS
Amounts falling due within one year 4 651,584 637,205
NET CURRENT LIABILITIES (231,749 ) (218,612 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

623,575

613,648

CREDITORS
Amounts falling due after more than one
year

4

269,199

281,563
NET ASSETS 354,376 332,085

CAPITAL AND RESERVES
Called up share capital 5 1 1
Revaluation reserve 130 130
Profit and loss account 354,245 331,954
SHAREHOLDERS' FUNDS 354,376 332,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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.

NEILSON PROPERTIES LIMITED (REGISTERED NUMBER: 04386142)

ABBREVIATED BALANCE SHEET - continued
31 March 2014


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 7 October 2014 and were signed on its behalf by:





L S Neilson - Director


NEILSON PROPERTIES LIMITED (REGISTERED NUMBER: 04386142)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 March 2014

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 represents net invoiced sales of services, excluding value added tax.

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 - 20% on reducing balance

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 5,041
DEPRECIATION
At 1 April 2013 3,389
Charge for year 331
At 31 March 2014 3,720
NET BOOK VALUE
At 31 March 2014 1,321
At 31 March 2013 1,652

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2013 830,608
Additions 23,395
At 31 March 2014 854,003
NET BOOK VALUE
At 31 March 2014 854,003
At 31 March 2013 830,608

4. CREDITORS

Creditors include an amount of £ 281,562 (2013 - £ 293,327 ) for which security has been given.

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

2014 2013
£    £   
Repayable by instalments 213,116 223,170

NEILSON PROPERTIES LIMITED (REGISTERED NUMBER: 04386142)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 31 March 2014

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
1 Ordinary £1 1 1

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014 and
31 March 2013:

2014 2013
£    £   
O S Neilson
Balance outstanding at start of year 1,337 1,427
Amounts repaid (10,000 ) (90 )
Balance outstanding at end of year (8,663 ) 1,337

NEILSON PROPERTIES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
NEILSON PROPERTIES LIMITED

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.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended
31 March 2014 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to
fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






F W Berringer & Co
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


7 October 2014