A_J_NICHOLL_PROPERTIES_LI - Accounts

A. J. NICHOLL PROPERTIES LIMITED - Company Information

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Company Registration No. 05729834 (England and Wales)

A J NICHOLL PROPERTIES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

A J NICHOLL PROPERTIES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

A J NICHOLL PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

464,364

Current assets

Cash at bank and in hand

7,449

20,965

Creditors: amounts falling due within one year

(332,452)

(301,008)

Net current liabilities

(325,003)

(280,043)

Total assets less current liabilities

139,361

184,321

Creditors: amounts falling due after more than one year

(143,077)

(202,647)

(3,716)

(18,326)

Capital and reserves

Called up share capital

100

Profit and loss account

(3,816)

(18,426)

Shareholders' funds

(3,716)

(18,326)

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 October 2016

Mr S Nicholl

Director

Company Registration No. 05729834

A J NICHOLL PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company is reliant on the financial support of it's directors by way of loans made to the company. As at 31 March 2016 directors' loans totalled £320,421 and although these amounts are repayable on demand, the directors have agreed not to repay these for the foreseeable future.

1.2

Turnover

Turnover represents amounts of rental income receivable.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets include investment properties professionally valued by Chartered Surveyors on an existing use open market value basis. Other tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% per annum on cost

1.4

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

Fixed assets

Tangible assets

Cost

At 1 April 2015 and at 31 March 2016

466,447

Depreciation

At 1 April 2015 and at 31 March 2016

2,083

Net book value

At 31 March 2016

464,364

At 31 March 2015

464,364

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £10,631 (2015 - £10,318).

A J NICHOLL PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £143,077 (2015 - £151,647).

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100