85 Sackville Road Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04351147 (England and Wales)

85 SACKVILLE ROAD LTD

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R H Bunning

J E Bunning

REGISTERED OFFICE:

The Coach House

Ardingly Road

Lindfield

West Sussex

RH16 2QY

REGISTERED NUMBER:

04351147 (England and Wales)

FIXED ASSETS

Investment property

2

1,075,000

1,040,000

CURRENT ASSETS

Debtors

5,593

-

Cash at bank

27,063

15,235

32,656

15,235

CREDITORS

Amounts falling due within one year

(27,021

)

(27,856

)

NET CURRENT ASSETS/(LIABILITIES)

5,635

(12,621

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,080,635

1,027,379

CREDITORS

Amounts falling due after more than one
year

(649,031

)

(686,118

)

NET ASSETS

431,604

341,261

CAPITAL AND RESERVES

Called up share capital

3

60

Revaluation reserve

174,701

139,701

Profit and loss account

256,843

201,500

SHAREHOLDERS' FUNDS

431,604

341,261

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 1 October 2016 and were signed on its
behalf by:

R H Bunning - Director

1.	ACCOUNTING POLICIES

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).

Going concern

The accounts are prepared on a going concern basis, the use of the going concern basis of accounting

is appropriate because there are no material uncertainties related to events or conditions that may cast

significant doubt about the ability of the company to continue as a going concern.

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).

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.

Turnover

Turnover represents rent receivable from property owned by the company.

Investment property

Investment properties are included in the balance sheet and have been valued by Mr R H Bunning,

director.

In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) no

depreciation is provided in respect of freehold properties held as investments. This is a departure from

the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such

properties are held for investment and not for consumption and the directors consider that to

depreciate them would not give a true and fair view. Depreciation is only one of the many elements

reflected in the annual valuation of properties and accordingly the amount of depreciation which might

otherwise have been charged cannot be separately identified or quantified. The directors consider that

this policy results in the financial statements giving a true and fair view.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 February 2015

1,040,000

Revaluations

35,000

At 31 January 2016

1,075,000

NET BOOK VALUE

At 31 January 2016

1,075,000

At 31 January 2015

1,040,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

60

Ordinary

£1

60