Freshfield Properties Ltd - Abbreviated accounts 16.1

Freshfield Properties Ltd - Abbreviated accounts 16.1

FRESHFIELD PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 01471658 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

FRESHFIELD PROPERTIES LTD

FRESHFIELD PROPERTIES LTD (REGISTERED NUMBER: 01471658)






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 3

FRESHFIELD PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTORS: P A Gooch
R B Donaldson





REGISTERED OFFICE: 125 Barnhorn Road
Bexhill-on-Sea
East Sussex
TN39 4QE





REGISTERED NUMBER: 01471658 (England and Wales)





Page 1
FRESHFIELD PROPERTIES LTD (REGISTERED NUMBER: 01471658)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 147 260
Investment property 3 16,726 16,726
16,873 16,986

CURRENT ASSETS
Stocks 4,430 5,027
Debtors 4 65,821 7,991
Investments 9,172 -
Cash at bank 1,868 -
81,291 13,018
CREDITORS
Amounts falling due within one year 67,562 102,580
NET CURRENT ASSETS/(LIABILITIES) 13,729 (89,562 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
30,602
(72,576
)

CAPITAL AND RESERVES
Called up share capital 5 10,500 10,500
Revaluation reserve 9,233 9,233
Profit and loss account 10,869 (92,309 )
SHAREHOLDERS' FUNDS 30,602 (72,576 )

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 29 September 2016 and were signed on its behalf
by:





P A Gooch - Director


The notes form part of these abbreviated accounts

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FRESHFIELD PROPERTIES LTD (REGISTERED NUMBER: 01471658)

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 as modified by the revaluation of
certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

Turnover
Turnover represents amounts invoiced during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 33.33% on cost
Fixtures and fittings - 20% on cost

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 624
DEPRECIATION
At 1 January 2015 364
Charge for year 113
At 31 December 2015 477
NET BOOK VALUE
At 31 December 2015 147
At 31 December 2014 260

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2015
and 31 December 2015 16,726
NET BOOK VALUE
At 31 December 2015 16,726
At 31 December 2014 16,726

4. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 58,397

Page 3 continued...
FRESHFIELD PROPERTIES LTD (REGISTERED NUMBER: 01471658)

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

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
10,500 Ordinary £1 10,500 10,500

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

One of the directors, Mr P A Gooch maintains a loan account with the company with no terms attached. At the
balance sheet date an amount of £43,654 (2014:£71,327) was owed by the company to Mr P A Gooch.

Page 4