Sunbeam Property Subsidiary Limited - Limited company - abbreviated - 11.0.0

Sunbeam Property Subsidiary Limited - Limited company - abbreviated - 11.0.0

SUNBEAM PROPERTY SUBSIDIARY LIMITED - Company Information

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REGISTERED NUMBER: 08329933 (England and Wales)









ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

13 DECEMBER 2012 TO 28 FEBRUARY 2014

FOR

SUNBEAM PROPERTY SUBSIDIARY LIMITED

SUNBEAM PROPERTY SUBSIDIARY LIMITED (REGISTERED NUMBER: 08329933)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 13 DECEMBER 2012 TO 28 FEBRUARY 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

SUNBEAM PROPERTY SUBSIDIARY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 13 DECEMBER 2012 TO 28 FEBRUARY 2014







DIRECTOR: T J Archard





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 08329933 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY
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SUNBEAM PROPERTY SUBSIDIARY LIMITED (REGISTERED NUMBER: 08329933)

ABBREVIATED BALANCE SHEET
28 FEBRUARY 2014

Notes £    £   
FIXED ASSETS
Investment property 2 340,000

CURRENT ASSETS
Debtors 23,910

CREDITORS
Amounts falling due within one year 73,429
NET CURRENT LIABILITIES (49,519 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
290,481

CAPITAL AND RESERVES
Called up share capital 3 1
Share premium 283,683
Profit and loss account 6,797
SHAREHOLDERS' FUNDS 290,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2014 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 7 October 2014 and were signed by:





T J Archard - Director


The notes form part of these abbreviated accounts

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SUNBEAM PROPERTY SUBSIDIARY LIMITED (REGISTERED NUMBER: 08329933)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 13 DECEMBER 2012 TO 28 FEBRUARY 2014


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for rents from the letting investment properties.

Investment property
Investment properties are included in the balance sheet at their open market value. Any surplus on revaluation is
transferred to the investment property revaluation reserve. Any deficit is deducted from the investment property
revaluation reserve except permanent diminution in value, which are charged to the profit and loss account. No
amortisation or depreciation is provided in respect of freehold investment properties in accordance with
Statement of Accounting Practice 19 "Accounting for Investment Properties". This treatment is contrary to the
requirements of the Companies Act 2006 to provide for depreciation but is considered necessary to ensure that
the financial statements give a true and fair view. Depreciation is only one of the factors reflected at the balance
sheet date valuation and the amount that might have been shown cannot be separately identified or quantified.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INVESTMENT PROPERTY
Total
£   
COST
Additions 340,000
At 28 February 2014 340,000
NET BOOK VALUE
At 28 February 2014 340,000

3. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal
value: £   
1 Share capital 1 £1 1

1 Ordinary share of £1 was issued during the period for cash of £ 1 .

4. ULTIMATE PARENT COMPANY

Sunbeam Property Limited is regarded by the director as being the company's ultimate parent company.

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SUNBEAM PROPERTY SUBSIDIARY LIMITED (REGISTERED NUMBER: 08329933)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 13 DECEMBER 2012 TO 28 FEBRUARY 2014


5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 28 February 2014:

£   
T J Archard
Balance outstanding at start of period -
Amounts advanced 17,036
Amounts repaid -
Balance outstanding at end of period 17,036

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