Abbreviated Company Accounts - FREEGROVE PROPERTIES LIMITED

FREEGROVE PROPERTIES LIMITED - Company Information

Registered Number 05658274

FREEGROVE PROPERTIES LIMITED

Abbreviated Accounts

31 December 2015

FREEGROVE PROPERTIES LIMITED Registered Number 05658274

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,940,781	1,940,781
		1,940,781	1,940,781
Current assets
Debtors		15,297	30,034
Cash at bank and in hand		1,522	3,285
		16,819	33,319
Creditors: amounts falling due within one year		(43,776)	(86,807)
Net current assets (liabilities)		(26,957)	(53,488)
Total assets less current liabilities		1,913,824	1,887,293
Creditors: amounts falling due after more than one year		(1,151,114)	(1,150,887)
Total net assets (liabilities)		762,710	736,406
Capital and reserves
Called up share capital		2	2
Revaluation reserve		780,000	780,000
Profit and loss account		(17,292)	(43,596)
Shareholders' funds		762,710	736,406

For the year ending 31 December 2015 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 20 September 2016

And signed on their behalf by:
Mr M Lorincz, Director

FREEGROVE PROPERTIES LIMITED Registered Number 05658274

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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.

Turnover policy
Turnover represents rents and similar charges exclusive of VAT.

Other accounting policies
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no provision is made for depreciation in respect of freehold properties or leasehold properties with more than 20 years remaining as investments. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 January 2015	1,940,781
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	1,940,781
Depreciation
At 1 January 2015	-
Charge for the year	-
On disposals	-
At 31 December 2015	-
Net book values
At 31 December 2015	1,940,781
At 31 December 2014	1,940,781