Danesfield Property Services Limited - Abbreviated accounts 16.1

Danesfield Property Services Limited - Abbreviated accounts 16.1

DANESFIELD PROPERTY SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 04988955 (England and Wales)





















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

DANESFIELD PROPERTY SERVICES LIMITED

DANESFIELD PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04988955)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

DANESFIELD PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTORS: D S Bainbridge
Mrs A M Bainbridge





SECRETARY: D S Bainbridge





REGISTERED OFFICE: 168 Station Road
Addlestone
Surrey
KT15 2BD





REGISTERED NUMBER: 04988955 (England and Wales)





ACCOUNTANTS: John A Hyde & Co
Hyde House
19 Station Road
Addlestone
Surrey
KT15 2AL
Page 1
DANESFIELD PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04988955)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

31.12.15 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 827 561
827 561

CURRENT ASSETS
Cash at bank 1 1

CREDITORS
Amounts falling due within one year 97,188 101,641
NET CURRENT LIABILITIES (97,187 ) (101,640 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(96,360
)
(101,079
)

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (96,460 ) (101,179 )
SHAREHOLDERS' FUNDS (96,360 ) (101,079 )

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 notes form part of these abbreviated accounts

Page 2 continued...
DANESFIELD PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04988955)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015



The financial statements were approved by the Board of Directors on 21 September 2016 and were signed on its behalf
by:





D S Bainbridge - Director


The notes form part of these abbreviated accounts

Page 3
DANESFIELD PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04988955)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net fee & commission income, excluding value added tax.
Mortgage and insurance referral commissions received are included in turnover.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of an established Estate Agency in 2003, is
being amortised evenly over its estimated useful life of ten years.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 52,700
AMORTISATION
At 1 January 2015
and 31 December 2015 52,700
NET BOOK VALUE

At 31 December 2015 -
At 31 December 2014 -

Page 4 continued...
DANESFIELD PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04988955)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 8,225
Additions 883
Disposals (2,000 )
At 31 December 2015 7,108
DEPRECIATION
At 1 January 2015 7,664
Charge for year 616
Eliminated on disposal (1,999 )
At 31 December 2015 6,281
NET BOOK VALUE
At 31 December 2015 827
At 31 December 2014 561

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.15 31.12.14
value: £    £   
100 Ordinary £1 100 100

5. RELATED PARTY DISCLOSURES

D S Bainbridge is the controlling party by virtue of his 50% holding of the issued share capital and his
chairmanship of the company.

Page 5