Abbreviated Company Accounts - SFS PROPERTY LTD

09465813 SFS PROPERTY LTD 2016-03-31 false 2015-03-02 2016-03-31 true 09465813 2015-03-02 2016-03-31 09465813 2016-03-31 09465813 uk-gaap-cd-bus:Director1 2015-03-02 2016-03-31 09465813 uk-gaap-cd-bus:Director2 2015-03-02 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-02 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 iso4217:GBP shares

Registered Number 09465813

SFS PROPERTY LTD

Abbreviated Accounts

31 March 2016

SFS PROPERTY LTD Registered Number 09465813

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016
		£
Fixed assets
Investments	2	145,500
		145,500
Current assets
Cash at bank and in hand		2,801
		2,801
Creditors: amounts falling due within one year	3	(207)
Net current assets (liabilities)		2,594
Total assets less current liabilities		148,094
Creditors: amounts falling due after more than one year	3	(148,075)
Total net assets (liabilities)		19
Capital and reserves
Called up share capital	4	1,000
Profit and loss account		(981)
Shareholders' funds		19

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 12 November 2016

And signed on their behalf by:
James David Wormall, Director
Andrew Peter Curtis Harper, Director

SFS PROPERTY LTD Registered Number 09465813

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents net sales, excluding value added tax.

Tangible assets depreciation policy
No depreciation is provided for in respect of investment properties in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

2Fixed assets Investments
No depreciation is provided for in respect of investment properties in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Such properties are held for their investment potential and not for consumption within the business. This is a departure from the Companies Act 2006 which requires all properties to be depreciated and the directors consider that to depreciate them would not enable the financial statements to give a true and fair view. Investment properties are stated at their market value at the balance sheet date.

3Creditors

	2016 £
Secured Debts	109,125
Non-instalment debts due after 5 years	38,950

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

	2016 £
1,000 Ordinary shares of £1 each	1,000