Envira Property Limited - Abbreviated accounts 16.1

Envira Property Limited - Abbreviated accounts 16.1

ENVIRA PROPERTY LIMITED - Company Information

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REGISTERED NUMBER: 08552711 (England and Wales)



















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

ENVIRA PROPERTY LIMITED

ENVIRA PROPERTY LIMITED (REGISTERED NUMBER: 08552711)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 30 JUNE 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

ENVIRA PROPERTY LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2016







DIRECTORS: Mr C E Pates
Mrs C A Pates
Mr M Pates
Mr S Pates





REGISTERED OFFICE: Prospero House
46-48 Rothesay Road
Luton
Bedfordshire
LU1 1QZ





REGISTERED NUMBER: 08552711 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
Prospero House
46-48 Rothesay Road
Luton
Bedfordshire
LU1 1QZ
Page 1
ENVIRA PROPERTY LIMITED (REGISTERED NUMBER: 08552711)

ABBREVIATED BALANCE SHEET
30 JUNE 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Investment property 2 1,036,003 1,036,003

CURRENT ASSETS
Debtors 590 -
Cash at bank 28,058 10,859
28,648 10,859
CREDITORS
Amounts falling due within one year 42,218 185,847
NET CURRENT LIABILITIES (13,570 ) (174,988 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,022,433
861,015

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 1,022,432 861,014
SHAREHOLDERS' FUNDS 1,022,433 861,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 29 September 2016 and were signed on its behalf
by:





Mr C E Pates - Director


The notes form part of these abbreviated accounts

Page 2
ENVIRA PROPERTY LIMITED (REGISTERED NUMBER: 08552711)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 30 JUNE 2016

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).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

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.

In accordance with the Financial Reporting Standards for Smaller Entities (FRSSE) (effective January 2015),
investment properties are revalued annually and the aggregate surplus or deficit is transferred to the revaluation
reserve. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However this requirement conflicts with the
generally accepted accounting principle set out in the FRSSE (effective January 2015). The directors consider,
that because investment properties are not held for consumption, but for their investment potential, to depreciate
them would not give a true and fair view, and that it is necessary to adopt the FRSSE (effective January 2015) in
order to give a true and fair view.

If this departure had not been made, the profit for the year would have been reduced by depreciation. The
amount of depreciation cannot reasonably be quantified because depreciation is only one of many factors
reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately
identified or quantified.

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

2. INVESTMENT PROPERTY
Total
£   
COST
At 1 July 2015
and 30 June 2016 1,036,003
NET BOOK VALUE
At 30 June 2016 1,036,003
At 30 June 2015 1,036,003

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1

4. ULTIMATE PARENT COMPANY

Envira Investments Limited is regarded by the directors as being the company's ultimate parent company.

Page 3