Abbreviated Company Accounts - SAN PEDRO PROPERTIES LIMITED

SAN PEDRO PROPERTIES LIMITED - Company Information

Registered Number 04043621

SAN PEDRO PROPERTIES LIMITED

Abbreviated Accounts

31 March 2016

SAN PEDRO PROPERTIES LIMITED Registered Number 04043621

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	5,098,616	3,665,376
Investments	3	910,700	910,700
		6,009,316	4,576,076
Current assets
Stocks		1,000	1,000
Debtors		30,714	47,185
Cash at bank and in hand		2,313	160,373
		34,027	208,558
Creditors: amounts falling due within one year		(1,376,832)	(2,202,411)
Net current assets (liabilities)		(1,342,805)	(1,993,853)
Total assets less current liabilities		4,666,511	2,582,223
Creditors: amounts falling due after more than one year		(2,779,408)	(734,868)
Total net assets (liabilities)		1,887,103	1,847,355
Capital and reserves
Called up share capital		300	300
Revaluation reserve		1,041,059	1,041,059
Profit and loss account		845,744	805,996
Shareholders' funds		1,887,103	1,847,355

For the year ending 31 March 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 20 October 2016

And signed on their behalf by:
Andrew John Mear, Director

SAN PEDRO PROPERTIES LIMITED Registered Number 04043621

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

2Tangible fixed assets

	£
Cost
At 1 April 2015	3,715,466
Additions	1,913,639
Disposals	(465,621)
Revaluations	-
Transfers	-
At 31 March 2016	5,163,484
Depreciation
At 1 April 2015	50,090
Charge for the year	14,778
On disposals	-
At 31 March 2016	64,868
Net book values
At 31 March 2016	5,098,616
At 31 March 2015	3,665,376

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value.