Finchale Estates Limited - Abbreviated accounts 16.1

Finchale Estates Limited - Abbreviated accounts 16.1

FINCHALE ESTATES LIMITED - Company Information

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09112123 J D Holloway D M Armstrong R W Ribchester 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure091121232015-03-31091121232016-03-31091121232015-04-012016-03-31091121232014-07-01091121232014-07-022015-03-31091121232015-03-3109112123ns12:England2015-04-012016-03-3109112123ns14:PoundSterling2015-04-012016-03-3109112123ns7:Director12015-04-012016-03-3109112123ns7:Director22015-04-012016-03-3109112123ns7:Director32015-04-012016-03-3109112123ns7:OrdinaryShareClass12015-04-012016-03-3109112123ns7:RegisteredOffice2015-04-012016-03-3109112123ns5:InvestmentProperties2016-03-3109112123ns5:InvestmentProperties2015-03-3109112123ns5:PlantMachinery2015-04-012016-03-3109112123ns5:InvestmentProperties2015-03-3109112123ns7:OrdinaryShareClass12016-03-3109112123ns7:OrdinaryShareClass12015-03-31
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REGISTERED NUMBER: 09112123 (England and Wales)












ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

FINCHALE ESTATES LIMITED

FINCHALE ESTATES LIMITED (REGISTERED NUMBER: 09112123)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

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Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

FINCHALE ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







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DIRECTORS: J D Holloway
D M Armstrong
R W Ribchester





REGISTERED OFFICE: Finchale House
Belmont Business Park
Durham
Durham
DH1 1TW





REGISTERED NUMBER: 09112123 (England and Wales)





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FINCHALE ESTATES LIMITED (REGISTERED NUMBER: 09112123)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
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FIXED ASSETS
Tangible assets 2 394 -
Investment property 3 582,500 609,718
582,894 609,718

CURRENT ASSETS
Debtors 1,964 2,634
Cash at bank 28,178 6,566
30,142 9,200
CREDITORS
Amounts falling due within one year 4 49,320 42,563
NET CURRENT LIABILITIES (19,178 ) (33,363 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
563,716
576,355

CREDITORS
Amounts falling due after more than one
year
4
(534,367
)
(573,190
)

PROVISIONS FOR LIABILITIES (11,507 ) (627 )
NET ASSETS 17,842 2,538

CAPITAL AND RESERVES
Called up share capital 5 30 30
Profit and loss account 17,812 2,508
SHAREHOLDERS' FUNDS 17,842 2,538

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 notes form part of these abbreviated accounts

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FINCHALE ESTATES LIMITED (REGISTERED NUMBER: 09112123)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016

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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 27 October 2016 and were signed on its behalf by:




J D Holloway - Director D M Armstrong - Director




R W Ribchester - Director


The notes form part of these abbreviated accounts

Page 3
FINCHALE ESTATES LIMITED (REGISTERED NUMBER: 09112123)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
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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 derives from the principal activity of the company which is that of property investment. Income from
this activity is recognised in the profit and loss account when the company becomes entitled to it.

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 etc - 25% on cost

Investment property
Investment property is carried in the balance sheet at market value. The current investment property was
acquired under an arm's length contract on 30 January 2015 for a price of £582,500. The directors consider that
purchase price to remain the market value of the property at 31 March 2016.

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
Additions 525
At 31 March 2016 525
DEPRECIATION
Charge for year 131
At 31 March 2016 131
NET BOOK VALUE
At 31 March 2016 394

3. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2015 609,718
Impairments (27,218 )
At 31 March 2016 582,500
NET BOOK VALUE
At 31 March 2016 582,500
At 31 March 2015 609,718

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FINCHALE ESTATES LIMITED (REGISTERED NUMBER: 09112123)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016
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4. CREDITORS

Creditors include an amount of £ 573,967 (2015 - £ 612,790 ) for which security has been given.

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

2016 2015
£    £   
Repayable by instalments 365,367 404,190

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
30 Ordinary £1.00 30 30

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