NUNEATON_PROPERTY_CO._LIM - Accounts

NUNEATON PROPERTY COMPANY LIMITED - Company Information

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Company Registration No. 00326899 (England and Wales)

NUNEATON PROPERTY CO. LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

NUNEATON PROPERTY CO. LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

NUNEATON PROPERTY CO. LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,156,113

1,156,504

Investments

216,382

1,372,495

1,372,886

Current assets

Debtors

776

12,063

Cash at bank and in hand

6,300

7,076

12,063

Creditors: amounts falling due within one year

(174,356)

(189,620)

Net current liabilities

(167,280)

(177,557)

Total assets less current liabilities

1,205,215

1,195,329

Creditors: amounts falling due after more than one year

(110,781)

(134,664)

Provisions for liabilities

(89)

(93)

1,094,345

1,060,572

Capital and reserves

Called up share capital

Revaluation reserve

681,555

Other reserves

300,000

Profit and loss account

112,746

78,973

Shareholders' funds

1,094,345

1,060,572

NUNEATON PROPERTY CO. LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2015

- 2 -

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 September 2016

Mr R J P Jeffcoate

Director

Company Registration No. 00326899

NUNEATON PROPERTY CO. LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents the total invoice value, excluding value added tax, of goods sold and services rendered during the year.

1.3

Tangible fixed assets and depreciation

Land and buildings Freehold

Not depreciated

Plant and machinery

15% Reducing balance

Fixtures, fittings & equipment

15% Reducing balance

In line with SSAP 19 no depreciation is provided on freehold land and buildings.

1.4

Investments

Investments held as fixed assets are stated at cost less provision for permanent diminution in value. Those held as current assets are stated at the lower of cost and net realisable value.

Dividends are brought to account in the profit and loss account when received.

1.5

Deferred taxation

Deferred taxation is accounted for in respect of timing differences between profit as computed for taxation purposes and profit stated in the financial statements. The full deferred effect is recognised on differences between amounts funded and amounts charged in the profit and loss.

1.6

Group accounts

The company forms part of a small group. The ultimate parent company has therefore taken advantage of the exemption provided by section 248 of the Companies Act 1985 not to prepare group accounts.

NUNEATON PROPERTY CO. LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 January 2015

1,159,629

216,382

1,376,011

Disposals

(300)

At 31 December 2015

1,159,329

216,382

1,375,711

Depreciation

At 1 January 2015

3,124

On disposals

(300)

Charge for the year

392

At 31 December 2015

3,216

Net book value

At 31 December 2015

1,156,113

216,382

1,372,495

At 31 December 2014

1,156,504

216,382

1,372,886

Share capital

2015

2014

Allotted, called up and fully paid

44 Ordinary shares of £1 each

Ultimate parent company

The ultimate parent company is Jeff Holdings Limited, a company registered in England and Wales.