F S W Estates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01553862 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

F S W ESTATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R E Thornhill

Mrs G A Thornhill

REGISTERED OFFICE:

Jubilee House

Jubilee Court

Dersingham

King's Lynn

Norfolk

PE31 6HH

REGISTERED NUMBER:

01553862 (England and Wales)

ACCOUNTANTS:

Burrells Accountancy Limited

Jubilee House

Jubilee Court

Dersingham

King's Lynn

Norfolk

PE31 6HH

FIXED ASSETS

Tangible assets

2

1,157

1,362

Investment property

3

31,898

33,055

33,260

CURRENT ASSETS

Debtors

-

357

Cash at bank

1,623

1,646

1,623

2,003

CREDITORS

Amounts falling due within one year

51,641

44,572

NET CURRENT LIABILITIES

(50,018

)

(42,569

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,963

)

(9,309

)

CAPITAL AND RESERVES

Called up share capital

4

75

Profit and loss account

(17,038

)

(9,384

)

SHAREHOLDERS' FUNDS

(16,963

)

(9,309

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 8 August 2016 and were signed on its
behalf by:

R E Thornhill - 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 rents of properties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture and equipment

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Investment property

Investment property is shown at cost and is subject to annual revaluation to market value , any surplus

being transferred to revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Foreign currency translation

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

12,639

DEPRECIATION

At 1 January 2015

11,277

Charge for year

205

At 31 December 2015

11,482

NET BOOK VALUE

At 31 December 2015

1,157

At 31 December 2014

1,362

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 January 2015

and 31 December 2015

31,898

NET BOOK VALUE

At 31 December 2015

31,898

At 31 December 2014

31,898

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

75

Ordinary

£1

75