Abbreviated Company Accounts - SANDMOOR PROPERTIES LIMITED

SANDMOOR PROPERTIES LIMITED - Company Information

07935508 SANDMOOR PROPERTIES LIMITED 2016-02-29 false 2015-03-01 2016-02-29 true 07935508 2015-03-01 2016-02-29 07935508 2016-02-29 07935508 2015-02-28 07935508 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-29 07935508 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 07935508

SANDMOOR PROPERTIES LIMITED

Abbreviated Accounts

29 February 2016

SANDMOOR PROPERTIES LIMITED Registered Number 07935508

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,200,383	4,203,663
Investments	3	6	6
		4,200,389	4,203,669
Current assets
Debtors		10,936	6,448
Cash at bank and in hand		400,030	284,393
		410,966	290,841
Creditors: amounts falling due within one year		(437,211)	(185,649)
Net current assets (liabilities)		(26,245)	105,192
Total assets less current liabilities		4,174,144	4,308,861
Creditors: amounts falling due after more than one year		(560,000)	(825,370)
Provisions for liabilities		(2,005)	(2,661)
Total net assets (liabilities)		3,612,139	3,480,830
Capital and reserves
Called up share capital	4	1	1
Revaluation reserve		1,384,566	1,384,566
Profit and loss account		2,227,572	2,096,263
Shareholders' funds		3,612,139	3,480,830

For the year ending 29 February 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 29 November 2016

And signed on their behalf by:
P J Rider, Director

SANDMOOR PROPERTIES LIMITED Registered Number 07935508

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention modified to include the revaluation of freehold investment property and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

Turnover policy
Turnover represents gross rental income receivable.

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 useful economic life as follows:
Motor vehicles - 25% reducing balance basis
Plant and machinery - 20% straight line basis

Investment properties
The freehold investment property is revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve.

No depreciation is provided on freehold investment property.

The absence from the accounts of depreciation of freehold investment property represents a departure from statutory accounting principles but is regarded by the directors as necessary to give a true and fair view. The amount of depreciation which might otherwise have been shown cannot be identified or quantified.

Valuation information and policy
Fixed asset investments are stated at cost less any provision for permanent diminition in value.

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have origionated but not reversed by the balance sheet date. Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the company has entered into a binding agreement to sell the assets and recognised the gains or losses expected to arise on sale.

2Tangible fixed assets

	£
Cost
At 1 March 2015	4,209,652
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	4,209,652
Depreciation
At 1 March 2015	5,989
Charge for the year	3,280
On disposals	-
At 29 February 2016	9,269
Net book values
At 29 February 2016	4,200,383
At 28 February 2015	4,203,663

3Fixed assets Investments
In the opinion of the director, the aggregate value of the company’s investments in the subsidiary undertakings is not less than the amount included in the balance sheet.
Undertaking – Estate management 28 Limited
Holding – Ordinary
Proportion of voting rights and shares held – 27.5%
Principal activity - Non trading management company

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1