Abbreviated Company Accounts - FREEMAN PROPERTY DEVELOPMENT LIMITED

FREEMAN PROPERTY DEVELOPMENT LIMITED - Company Information

Registered Number 03068241

FREEMAN PROPERTY DEVELOPMENT LIMITED

Abbreviated Accounts

31 July 2016

FREEMAN PROPERTY DEVELOPMENT LIMITED Registered Number 03068241

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	23,421	11,777
Investments	3	170,000	170,000
		193,421	181,777
Current assets
Debtors		7,482	60,927
Cash at bank and in hand		797	4,613
		8,279	65,540
Creditors: amounts falling due within one year		(134,965)	(155,800)
Net current assets (liabilities)		(126,686)	(90,260)
Total assets less current liabilities		66,735	91,517
Provisions for liabilities		(4,684)	(2,355)
Total net assets (liabilities)		62,051	89,162
Capital and reserves
Called up share capital		400	400
Profit and loss account		61,651	88,762
Shareholders' funds		62,051	89,162

For the year ending 31 July 2016 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 25 August 2016

And signed on their behalf by:
E.C. Freeman, Director
Mrs.D. Freeman, Director

FREEMAN PROPERTY DEVELOPMENT LIMITED Registered Number 03068241

Notes to the Abbreviated Accounts for the period ended 31 July 2016

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.

2Tangible fixed assets

	£
Cost
At 1 August 2015	57,213
Additions	23,942
Disposals	(19,171)
Revaluations	-
Transfers	-
At 31 July 2016	61,984
Depreciation
At 1 August 2015	45,436
Charge for the year	7,783
On disposals	(14,656)
At 31 July 2016	38,563
Net book values
At 31 July 2016	23,421
At 31 July 2015	11,777

3Fixed assets Investments
The Investment properties are at 2 separate locations remaining from previous developments after the other leaseholds have been sold. The properties comprise a retail unit and flat, and a separate retail unit and two flats. No Depreciation is provided on these assets.