Abbreviated Company Accounts - TOWER HILL TRADING LTD

Abbreviated Company Accounts - TOWER HILL TRADING LTD

TOWER HILL TRADING LTD - Company Information

Print Friendly Version

Registered Number 07973635

TOWER HILL TRADING LTD

Abbreviated Accounts

31 March 2016

TOWER HILL TRADING LTD Registered Number 07973635

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 613,285 296,994
Investments 3 230,000 240,000
843,285 536,994
Current assets
Debtors 4 118,911 95,000
Cash at bank and in hand 68,428 178,680
187,339 273,680
Creditors: amounts falling due within one year 5 (438,953) (443,924)
Net current assets (liabilities) (251,614) (170,244)
Total assets less current liabilities 591,671 366,750
Creditors: amounts falling due after more than one year 5 (225,000) -
Total net assets (liabilities) 366,671 366,750
Capital and reserves
Called up share capital 6 380,176 380,176
Profit and loss account (13,505) (13,426)
Shareholders' funds 366,671 366,750
  • 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 25 November 2016

And signed on their behalf by:
B W Colledge, Director
S C Smith, Director

TOWER HILL TRADING LTD Registered Number 07973635

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 chargeable in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected economic life at 25% straight line basis.

Valuation information and policy
Investment properties are valued in accordance with the FRSSE and are reflected at cost, including any cost of refurbishment. No depreciation has been provided as they are considered to be an appreciating asset.

2Tangible fixed assets
£
Cost
At 1 April 2015 300,118
Additions 323,038
Disposals (8,338)
Revaluations -
Transfers -
At 31 March 2016 614,818
Depreciation
At 1 April 2015 3,124
Charge for the year 632
On disposals (2,223)
At 31 March 2016 1,533
Net book values
At 31 March 2016 613,285
At 31 March 2015 296,994

3Fixed assets Investments
Investment is held in shares and cash with Barclays Stockbrokers. Disposals of 10000 during the year were at cost.

4Debtors
2016
£		 2015
£
Debtors include the following amounts due after more than one year 118,911 95,000

Other debtors are crowd funded property investments at cost.

5Creditors
2016
£		 2015
£
Secured Debts 4,389,853 443,924
6Called Up Share Capital

Allotted, called up and fully paid shares of £1 each at 31 March 2016 are 380176