Abbreviated Company Accounts - COLSTON PROPERTY PARTNERS LIMITED

FLORAL STREET PROPERTY PARTNERS LIMITED - Company Information

05525947 COLSTON PROPERTY PARTNERS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 05525947 2015-04-01 2016-03-31 05525947 2016-03-31 05525947 2015-03-31 05525947 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 05525947 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 05525947

COLSTON PROPERTY PARTNERS LIMITED

Abbreviated Accounts

31 March 2016

COLSTON PROPERTY PARTNERS LIMITED Registered Number 05525947

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	3,805,497	3,805,497
Investments	3	36,547,027	36,547,027
		40,352,524	40,352,524
Current assets
Debtors	4	16,348,362	994,010
Cash at bank and in hand		649,539	4,148,996
		16,997,901	5,143,006
Prepayments and accrued income		169,572	298,156
Creditors: amounts falling due within one year	5	(1,485,713)	(192,685)
Net current assets (liabilities)		15,681,760	5,248,477
Total assets less current liabilities		56,034,284	45,601,001
Creditors: amounts falling due after more than one year	5	(11,411,403)	-
Total net assets (liabilities)		44,622,881	45,601,001
Capital and reserves
Called up share capital	6	43,481	43,481
Share premium account		32,553,019	32,553,019
Revaluation reserve		734,995	734,995
Profit and loss account		11,291,386	12,269,506
Shareholders' funds		44,622,881	45,601,001

For the year ending 31 March 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 23 August 2016

And signed on their behalf by:
John Morley, Director

COLSTON PROPERTY PARTNERS LIMITED Registered Number 05525947

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

1Accounting Policies

Basis of measurement and preparation of accounts
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.

Turnover policy
Turnover represents rental and service charge income from freehold property held by the company.

Other accounting policies
Preparation of consolidated financial statements
The financial statements contain information about Colston Property Partners as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.
Investment Property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.
Depreciation is not provided on investment properties. This treatment, as regards certain of the company's investment properties, may be a departure from the requirements of the Companies Act concerning depreciation of fixed assets. However these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy is therefore necessary for the financial statements 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.
Foreign Currencies
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.
Assurance Review
These abbreviated accounts have been prepared from the company's full annual financial statements which have been subject to an Assurance Review Engagement complying with IACEW TR09/13 AAF and with ISRE 2400.

2Tangible fixed assets

	£
Cost
At 1 April 2015	3,805,497
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	3,805,497
Depreciation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	3,805,497
At 31 March 2015	3,805,497

3Fixed assets Investments
There were no changes to fixed asset investments during the year.

4Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	16,344,196	0

5Creditors

	2016 £	2015 £
Secured Debts	11,132,720	-

6Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
43,481 Ordinary shares of £1 each	43,481	43,481