Fencebrook Limited - Abbreviated accounts 16.1

FENCEBROOK LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

Mrs P R Newman

Mrs D Noble

SECRETARY:

Mrs P R Newman

REGISTERED OFFICE:

201 Haverstock Hill

London

NW3 4QG

REGISTERED NUMBER:

01338496 (England and Wales)

ACCOUNTANTS:

AEL Markhams Ltd

Chartered Accountants

201 Haverstock Hill

London

NW3 4QG

FIXED ASSETS

Tangible assets

2

42,157

46,096

Investment property

3

377,494

419,651

423,590

CURRENT ASSETS

Debtors

10,213

3,352

Cash at bank

77,834

51,413

88,047

54,765

CREDITORS

Amounts falling due within one year

40,902

34,921

NET CURRENT ASSETS

47,145

19,844

TOTAL ASSETS LESS CURRENT
LIABILITIES

466,796

443,434

PROVISIONS FOR LIABILITIES

8,431

-

NET ASSETS

458,365

443,434

CAPITAL AND RESERVES

Called up share capital

4

1,000

Revaluation reserve

200,000

Profit and loss account

257,365

242,434

SHAREHOLDERS' FUNDS

458,365

443,434

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.

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 by the Board of Directors on 29 November 2016 and were signed on its behalf by:

Mrs P R Newman - Director

1.	ACCOUNTING POLICIES

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).

Going concern

The directors are of the opinion that the Company has sufficient access to financial resources which, together with

internally generated cash flows, will continue to provide sufficient sources of liquidity to fund its current operations

including its contractual and commercial commitments and the Company is well placed to manage its business risks

successfully, despite the current economic outlook.

The directors have formed the judgement, at the time of approving the financial statements, that there is a reasonable

expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.

For this reason, the directors continue to adopt the going concern basis in preparing the financial statements.

Tangible fixed assets

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

Improvements to property

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Investment property

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation is

provided in respect of freehold properties held as investments. This is a departure from the requirements of the

Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not

for consumption and the directors' consider that to depreciate them would not give a true and fair view.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

120,438

Additions

745

At 31 March 2016

121,183

DEPRECIATION

At 1 April 2015

74,342

Charge for year

4,684

At 31 March 2016

79,026

NET BOOK VALUE

At 31 March 2016

42,157

At 31 March 2015

46,096

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2015

and 31 March 2016

377,494

NET BOOK VALUE

At 31 March 2016

377,494

At 31 March 2015

377,494

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Fencebrook Limited for the year ended 31 March 2016 which comprise the Profit and Loss Account, the

Balance Sheet and the related notes from the company's accounting records and from information and explanations you have

given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Fencebrook Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fencebrook Limited and state those matters that we have agreed to state to the Board of Directors of Fencebrook Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fencebrook Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fencebrook Limited. You consider that Fencebrook Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fencebrook Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

AEL Markhams Ltd

Chartered Accountants

201 Haverstock Hill

London

NW3 4QG

29 November 2016