Fenmead Properties Limited - Period Ending 2016-06-30

Registration number: 02263885

Fenmead Properties Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Stubbs Parkin Limited
Chartered Accountants
55 Hoghton Street
Southport
Merseyside
PR9 0PG

Fenmead Properties Limited
Contents

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The company is a wholly owned subsidiary of MRH Group Limited.

Page 1

Fenmead Properties Limited
(Registration number: 02263885)
Abbreviated Balance Sheet at 30 June 2016

		Note			30 June 2016 £						30 June 2015 £
	£			£			£			£
Fixed assets
Tangible fixed assets								531,706						2,302,425
Current assets
Debtors					77,639						37,880
Investments					2,600,000						1,050,000
Cash at bank and in hand					303,149						82,837
					2,980,788						1,170,717
Creditors: Amounts falling due within one year					(28,758)						(130,706)
Net current assets								2,952,030						1,040,011
Net assets								3,483,736						3,342,436
Capital and reserves
Called up share capital		3			420,275						420,275
Revaluation reserve					-						233,659
Profit and loss account					3,063,461						2,688,502
Shareholders' funds								3,483,736						3,342,436

For the year ending 30 June 2016 the company was entitled to exemption 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 3 November 2016 and signed on its behalf by:

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Fenmead Properties Limited
(Registration number: 02263885)
Abbreviated Balance Sheet at 30 June 2016
......... continued

.........................................
Mr M R Helme
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Fenmead Properties Limited
Notes to the Abbreviated Accounts for the 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

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Property	1% straight line
Fixtures and equipment	15% reducing balance

Current asset investments

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

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		2,643,651			2,643,651
Disposals		(1,984,004)			(1,984,004)
At 30 June 2016		659,647			659,647
Depreciation
At 1 July 2015		341,226			341,226
Charge for the year		2,234			2,234
Eliminated on disposals		(215,519)			(215,519)
At 30 June 2016		127,941			127,941
Net book value
At 30 June 2016		531,706			531,706
At 30 June 2015		2,302,425			2,302,425

Page 4

Fenmead Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	30 June 2016						30 June 2015
		No.			£			No.			£
Ordinary shares of £1 each		180,200			180,200			180,200			180,200
Ordinary B shares of £1 each		75			75			75			75
Preference shares of £1 each		240,000			240,000			240,000			240,000
		420,275			420,275			420,275			420,275

Page 5