IAW Property Limited - Abbreviated accounts 16.3

IAW Property Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 07979724 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

IAW PROPERTY LIMITED

IAW PROPERTY LIMITED (REGISTERED NUMBER: 07979724)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

IAW PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: Mrs W H P Buckley
Mr I J Buckley



REGISTERED OFFICE: 16 Oakfield Road
Harpenden
Hertfordshire
AL5 2NL



REGISTERED NUMBER: 07979724 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: HSBC Bank Plc
1 High Street
Harpenden
Hertfordshire
AL5 2RS

IAW PROPERTY LIMITED (REGISTERED NUMBER: 07979724)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 - 503

CURRENT ASSETS
Cash at bank 6,484 9,593

CREDITORS
Amounts falling due within one year 84,940 117,867
NET CURRENT LIABILITIES (78,456 ) (108,274 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(78,456

)

(107,771

)

CAPITAL AND RESERVES
Called up share capital 3 103 103
Profit and loss account (78,559 ) (107,874 )
SHAREHOLDERS' FUNDS (78,456 ) (107,771 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

IAW PROPERTY LIMITED (REGISTERED NUMBER: 07979724)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 and authorised for issue by the Board of Directors on
16 November 2016 and were signed on its behalf by:





Mr I J Buckley - Director


IAW PROPERTY LIMITED (REGISTERED NUMBER: 07979724)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The beneficial owner has indicated a willingness to support the company for the forseeable
future.

As such the directors are of the opinion that the company will be able to finance its
operations and other obligations for a period of at least twelve months from the date of
approval of these financial statements and are of the opinion that it is correct to prepare
these financial statements on a going concern basis.

Accounting convention
The financial statements 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 rents receivable during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

IAW PROPERTY LIMITED (REGISTERED NUMBER: 07979724)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 11,397
DEPRECIATION
At 1 April 2015 10,894
Charge for year 503
At 31 March 2016 11,397
NET BOOK VALUE
At 31 March 2016 -
At 31 March 2015 503

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
103 103