Sadie Lou Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 09278068 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

SADIE LOU LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs J Leviton

Mr B S Leviton

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

09278068 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Investment property

2

538,171

-

CURRENT ASSETS

Debtors

79,017

299

Cash at bank

145

-

79,162

299

CREDITORS

Amounts falling due within one year

312,031

-

NET CURRENT (LIABILITIES)/ASSETS

(232,869

)

299

TOTAL ASSETS LESS CURRENT
LIABILITIES

305,302

299

CREDITORS

Amounts falling due after more than
one year

3

282,934

-

NET ASSETS

22,368

299

CAPITAL AND RESERVES

Called up share capital

4

299

Profit and loss account

22,069

-

SHAREHOLDERS' FUNDS

22,368

299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 22 September 2016 and were
signed on its behalf by:

Mr B S Leviton - Director

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 rent receivable. Rental income is recognised evenly over the lease term.

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.

2.	INVESTMENT PROPERTY

Total

£

COST

Additions

538,171

At 31 March 2016

538,171

NET BOOK VALUE

At 31 March 2016

538,171

3.

CREDITORS

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

31.3.16

31.3.15

£

Repayable by instalments

282,934

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1

A Class Ordinary

£1

1

B Class Ordinary

£1

1

99

C Class Ordinary

£1

99

D Class Ordinary

£1

99

E Class Ordinary

£1

99

299

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balances sheet date, the company owed £270,217 (2015: £nil) to the director, Mr B S

Leviton.