Fen Properties Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 03142779 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2016

FOR

FEN PROPERTIES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R A L Keeling

A P S Keeling

SECRETARY:

Miss R P Keeling

REGISTERED OFFICE:

27 Osborne Street

Grimsby

NE Lincolnshire

DN31 1NU

REGISTERED NUMBER:

03142779 (England and Wales)

ACCOUNTANTS:

Wilson Sharpe & Co

Chartered Accountants

27 Osborne Street

Grimsby

N E Lincs

DN31 1NU

BANKERS:

National Westminster Bank plc

Market Place

Spalding

Lincolnshire

PE11 1ST

FIXED ASSETS

Tangible assets

2

725,641

725,000

CURRENT ASSETS

Stocks

124,723

129,349

Debtors

31,956

7,286

Investments

245,064

243,922

Cash at bank

381,810

428,355

783,553

808,912

CREDITORS

Amounts falling due within one year

23,615

38,907

NET CURRENT ASSETS

759,938

770,005

TOTAL ASSETS LESS CURRENT LIABILITIES

1,485,579

1,495,005

PROVISIONS FOR LIABILITIES

122

-

NET ASSETS

1,485,457

1,495,005

CAPITAL AND RESERVES

Called up share capital

3

5,000

5,000

Profit and loss account

1,480,457

1,490,005

SHAREHOLDERS' FUNDS

1,485,457

1,495,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 2 November 2016 and were signed on its behalf by:

A P S Keeling - Director

1.	ACCOUNTING POLICIES

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).

Turnover

Turnover represents the selling value of services provided and properties sold.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated

useful life.

Office furniture & equipment - 15% and 20% on cost

No depreciation is provided on land and buildings held for investment purposes as the directors

consider that to depreciate them would not give a true and fair view of the company's financial position

or its profit or loss for the financial year. Investment properties are stated at their estimated open

market values with changes in open market values taken directly to reserves.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 OR VALUATION

At 6 April 2015

727,442

Additions

751

Disposals

(1,536

)

At 5 April 2016

726,657

DEPRECIATION

At 6 April 2015

2,442

Charge for year

110

Eliminated on disposal

(1,536

)

At 5 April 2016

1,016

NET BOOK VALUE

At 5 April 2016

725,641

At 5 April 2015

725,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

5,000

Ordinary

£1

5,000

5,000

4.	ULTIMATE PARENT COMPANY