Sywell Securities Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04570972

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

SYWELL SECURITIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

H F Barney

S T Bateman

SECRETARY:

H F Barney

REGISTERED OFFICE:

4 Melbourne House

Corbygate Business Park

Priors Haw Road

Corby

Northamptonshire

NN17 5JG

REGISTERED NUMBER:

04570972

ACCOUNTANTS:

DNG Dove Naish

Chartered Accountants

Eagle House

28 Billing Road

Northampton

NN1 5AJ

BANKERS:

National Westminster Bank Plc

41 The Drapery

Northampton

NN1 2EY

FIXED ASSETS

Investment property

2

1,400,000

1,306,000

CURRENT ASSETS

Debtors

66,648

555,216

Cash at bank

24,447

110,009

91,095

665,225

CREDITORS

Amounts falling due within one year

3

722,194

107,125

NET CURRENT (LIABILITIES)/ASSETS

(631,099

)

558,100

TOTAL ASSETS LESS CURRENT
LIABILITIES

768,901

1,864,100

CREDITORS

Amounts falling due after more than one
year

3

-

894,327

NET ASSETS

768,901

969,773

CAPITAL AND RESERVES

Called up share capital

4

9

Revaluation reserve

117,500

23,500

Profit and loss account

651,392

946,264

SHAREHOLDERS' FUNDS

768,901

969,773

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 13 September 2016 and were signed
on its behalf by:

H F Barney - Director

S T Bateman - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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.

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between

the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax

deferred or accelerated is accounted for in respect of all material timing differences.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2015

1,306,000

Revaluations

94,000

At 31 December 2015

1,400,000

NET BOOK VALUE

At 31 December 2015

1,400,000

At 31 December 2014

1,306,000

3.

CREDITORS

Creditors include an amount of £ 685,932 (2014 - £ 748,634 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

Repayable by instalments

-

431,044

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

6

Ordinary

£1

6

1

Ordinary A

£1

1

Ordinary C

£1

1

Ordinary B

£1

1

9

5.	ULTIMATE PARENT COMPANY

Sywell Investments Limited is regarded by the directors as being the company's ultimate parent

company.

6.	TRANSACTIONS WITH DIRECTORS

As at the end of the year the company owes J L Barney £Nil (2014: £4,000) and D Bateman £Nil

(2014: £4,000). The loans are unsecured, interest free and there are no set terms for repayment.