Property Management (Henley) Limited - Period Ending 2016-06-30

Company registration number: 1531965

Property Management (Henley) Limited
 
  Annual Report and Unaudited Abbreviated Accounts
 
  Year Ended 30 June 2016
 

Beresfords
  Chartered Accountants
  Castle House
  Castle Hill Avenue
  Folkestone
  Kent
  CT20 2TQ

Property Management (Henley) Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Property Management (Henley) Limited
(Company registration number: 1531965)
Abbreviated Balance Sheet
30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					237,998			237,595
Current assets
Debtors					1,397			33,408
Investments					919,038			982,987
Cash at bank and in hand					94,977			110,620
					1,015,412			1,127,015
Creditors: Amounts falling due within one year					(56,534)			(73,686)
Net current assets					958,878			1,053,329
Total assets less current liabilities					1,196,876			1,290,924
Creditors: Amounts falling due after more than one year					(242,351)			(283,848)
Net assets					954,525			1,007,076
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					954,425			1,006,976
Shareholders' funds					954,525			1,007,076

The notes on pages 3 to 5 form an integral part of these financial statements.
 
  Page 1

Property Management (Henley) Limited
(Company registration number: 1531965)
Abbreviated Balance Sheet
30 June 2016......... continued

For the year ending 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 29 October 2016 and signed on its behalf by:

......................................... Mr M N Gunn Director

The notes on pages 3 to 5 form an integral part of these financial statements.
 
  Page 2

Property Management (Henley) Limited
Notes to the Abbreviated Accounts
Year Ended 30 June 2016......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	By equal annual instalments over 5 years.

Investment properties

These are not depreciated. In the opinion of the directors the properties current values are not less than book value.

Current asset investments

Current asset investments are included at the lower of cost and net realisable value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

This represents the balance due from H20 Coolers Rentals Limited that has now been wound up.

Page 3

Property Management (Henley) Limited
Notes to the Abbreviated Accounts
Year Ended 30 June 2016......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		243,809			243,809
Additions		992			992
At 30 June 2016		244,801			244,801
Depreciation
At 1 July 2015		6,214			6,214
Charge for the year		589			589
At 30 June 2016		6,803			6,803
Net book value
At 30 June 2016		237,998			237,998
At 30 June 2015		237,595			237,595

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4

Property Management (Henley) Limited
Notes to the Abbreviated Accounts
Year Ended 30 June 2016......... continued

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr M N Gunn
Mr M N Gunn has loaned money to the company. The loan is interest free and there are no fixed terms for repayment. During the year Mr M N Gunn borrowed money from the company up to a maximum of £28,172. He paid the company interest at 3% per annum and this amounted to £688.	23,889	45,832	69,721	30,115
Mrs R Dixon
Interest is payable at 2.5% and the loan is secured	(1,397)	-	(1,397)	-

The company owns a property which is available for use by the directors and their families. No rent is payable.

5

Control

The company is controlled by FF Services Group (Holdings) Limited, a company incorporated in England. Their financial statements are available upon request from 8 Rupert Close, Henley on Thames, Oxfordshire. RG9 2JD The ultimate controlling party is Mr M N Gunn and family



.

Page 5