| Deerbird Properties Limited |
| Registered number: |
02822369 |
| Director's Report |
|
| The director presents his report and accounts for the year ended 31 December 2015. |
|
| Principal activities |
| The company's principal activity during the year continued to be property investment. |
|
| Directors |
| The following persons served as directors during the year: |
|
|
J E Payne |
|
| Political and charitable donations |
| During the year, the company made no political contributions and no charitable donations. |
|
| Director's responsibilities |
| The director is responsible for preparing the report and accounts in accordance with applicable law and regulations. |
|
| Company law requires the director to prepare accounts for each financial year. Under that law the director has elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the director is required to: |
| ● |
select suitable accounting policies and then apply them consistently; |
| ● |
make judgements and estimates that are reasonable and prudent; |
| ● |
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
|
| The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the accounts comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
|
| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
| This report was approved by the board on 20 September 2016 and signed on its behalf. |
|
|
|
|
|
| J E Payne |
| Director |
|
| Deerbird Properties Limited |
|
| Report to the director on the preparation of the unaudited statutory accounts of Deerbird Properties Limited for the year ended 31 December 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Deerbird Properties Limited for the year ended 31 December 2015 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
| Graham Turner and Company Limited |
| Chartered Certified Accountants |
| 77 Avery Hill Road |
| New Eltham |
| London |
| SE9 2BJ |
|
| 20 September 2016 |
|
| Deerbird Properties Limited |
| Balance Sheet |
| as at 31 December 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
145,000 |
|
|
145,000 |
|
| Current assets |
| Debtors |
3 |
|
58,298 |
|
|
63,023 |
| Cash at bank and in hand |
|
|
34,714 |
|
|
6,616 |
|
|
|
93,012 |
|
|
69,639 |
|
| Creditors: amounts falling due within one year |
4 |
|
(2,388) |
|
|
(1,190) |
|
| Net current assets |
|
|
|
90,624 |
|
|
68,449 |
|
| Net assets |
|
|
|
235,624 |
|
|
213,449 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
100 |
|
|
100 |
| Revaluation reserve |
6 |
|
|
115,000 |
|
|
115,000 |
| Profit and loss account |
7 |
|
|
120,524 |
|
|
98,349 |
|
| Shareholder's funds |
|
|
|
235,624 |
|
|
213,449 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| J E Payne |
| Director |
| Approved by the board on 20 September 2016 |
|
| Deerbird Properties Limited |
| Notes to the Accounts |
| for the year ended 31 December 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 ground rents received and lease extensions granted |
|
|
Depreciation |
|
No depreciation has been provided on the original cost of the freehold owned.
Investment properties are included in the balance sheet at their open market value. The valuation process includes many factors and overall depreciation, if applicable would be included in the valuation process. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 January 2015 |
145,000 |
|
At 31 December 2015 |
145,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 December 2015 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
145,000 |
|
At 31 December 2014 |
145,000 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2015 |
|
2014 |
| £ |
£ |
|
Historical cost |
30,000 |
|
30,000 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
In respect of the 2012 year end, the valuation of the investment property was made by Barry C Martin FRICS, a chartered surveyor and J E Payne a director. The valuation work was undertaken in May 2013 with due allowance being made to reflect the 31st December 2014 value. The director John E Payne considers that any changes in market value as at 31st December 2015 would be minimal. No depreciation is provided in respect of this property. |
|
| 3 |
Debtors |
2015 |
|
2014 |
| £ |
£ |
|
|
Trade debtors |
534 |
|
5,259 |
|
Amounts owed by associated companies |
|
57,764 |
|
57,764 |
|
|
|
|
|
|
58,298 |
|
63,023 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2015 |
|
2014 |
| £ |
£ |
|
|
Trade creditors |
- |
|
590 |
|
Other creditors |
600 |
|
600 |
|
|
|
|
|
|
2,388 |
|
1,190 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Revaluation reserve |
2015 |
|
2014 |
| £ |
£ |
|
|
At 1 January 2015 |
115,000 |
|
115,000 |
|
|
At 31 December 2015 |
115,000 |
|
115,000 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Profit and loss account |
2015 |
|
2014 |
| £ |
£ |
|
|
At 1 January 2015 |
98,349 |
|
113,374 |
|
#NAME? |
22,175 |
|
(15,025) |
|
|
At 31 December 2015 |
120,524 |
|
98,349 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
2015 |
|
2014 |
| £ |
£ |
|
Steeple Homes Limited |
|
Associated company |
|
Inter company funding |
|
[Amount due from (to) the related party] |
57,764 |
|
57,764 |
|
|
| 9 |
Ultimate controlling party |
|
|
J E Payne controls the company by virtue of his ownership of the 100 issued shares. |
