WHITE_(READING_PROPERTIES - Accounts

WHITE (READING PROPERTIES) LIMITED - Company Information

Print Friendly Version

Company Registration No. 00722126 (England and Wales)

WHITE (READING PROPERTIES) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

WHITE (READING PROPERTIES) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WHITE (READING PROPERTIES) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

34,010

Current assets

Debtors

36,500

46,000

Cash at bank and in hand

41,997

29,656

78,497

75,656

Creditors: amounts falling due within one year

(12,626)

(13,599)

Net current assets

65,871

62,057

Total assets less current liabilities

99,881

96,067

Capital and reserves

Called up share capital

100

Revaluation reserve

31,106

Profit and loss account

68,675

64,861

Shareholders' funds

99,881

96,067

For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 26 September 2016

D.E. White

Director

Company Registration No. 00722126

WHITE (READING PROPERTIES) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents rents receivable.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% Straight line

Investment properties are included in the balance sheet at their existing use open market value. Although this accounting policy is in accordance with FRSSE, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost or valuation

At 1 June 2015 & at 31 May 2016

34,456

Depreciation

At 1 June 2015 & at 31 May 2016

446

Net book value

At 31 May 2016

34,010

At 31 May 2015

34,010

WHITE (READING PROPERTIES) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100