Two Tower Properties Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06846891 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 December 2015

for

Two Tower Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs D M Beth

Ms E V Heurlin

E. Sharvelle

REGISTERED OFFICE:

28 Church Road

Stanmore

Middlesex

HA7 4XR

REGISTERED NUMBER:

06846891 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

28 Church Road

Stanmore

Middlesex

HA7 4XR

FIXED ASSETS

Tangible assets

2

1,787

3,065

Investment property

3

777,075

778,862

780,140

CURRENT ASSETS

Debtors

2,517

23

Cash at bank

17,457

10,908

19,974

10,931

CREDITORS

Amounts falling due within one year

4

474,091

473,206

NET CURRENT LIABILITIES

(454,117

)

(462,275

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

324,745

317,865

CREDITORS

Amounts falling due after more than one
year

4

193,897

203,093

NET ASSETS

130,848

114,772

CAPITAL AND RESERVES

Called up share capital

5

1,000

Revaluation reserve

94,661

Profit and loss account

35,187

19,111

SHAREHOLDERS' FUNDS

130,848

114,772

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 28 June 2016 and were signed on its
behalf by:

Mrs D M Beth - Director

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 January 2015).

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

-

25% Straight line

Investment property

The Companies Act requires tangible fixed assets to be depreciated systematically over their

estimated useful lives. However, investment properties are held for investment rather than

consumption; the directors therefore consider that depreciation on a systematic basis would not be

appropriate in this case and that the accounting policy adopted is necessary for the accounts 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.

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

12,709

DEPRECIATION

At 1 January 2015

9,644

Charge for year

1,278

At 31 December 2015

10,922

NET BOOK VALUE

At 31 December 2015

1,787

At 31 December 2014

3,065

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2015

and 31 December 2015

777,075

NET BOOK VALUE

At 31 December 2015

777,075

At 31 December 2014

777,075

4.

CREDITORS

Creditors include an amount of £ 202,671 (2014 - £ 211,446 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary

1

1,000

6.	ULTIMATE PARENT COMPANY

The ultimate parent company is Bizi Holdings Limited.