Netheredge Properties Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08002854 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st August 2016

for

Netheredge Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M A Crossley

Mrs J Couchman

REGISTERED OFFICE:

12 Delamere Gardens

Fixby

Huddersfield

HD2 2AW

REGISTERED NUMBER:

08002854 (England and Wales)

FIXED ASSETS

Investment property

2

688,395

628,395

CURRENT ASSETS

Debtors

1,212

1,683

Cash at bank

31,822

69,185

33,034

70,868

CREDITORS

Amounts falling due within one year

6,909

6,311

NET CURRENT ASSETS

26,125

64,557

TOTAL ASSETS LESS CURRENT
LIABILITIES

714,520

692,952

CREDITORS

Amounts falling due after more than one
year

644,997

NET ASSETS

69,523

47,955

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

69,520

47,952

SHAREHOLDERS' FUNDS

69,523

47,955

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st August 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 7th November 2016 and were signed on its behalf
by:

M A Crossley - 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).

Turnover

Turnover represents gross rental income receivable in the period.

Investment property

Investment properties are included at their current open market value.

Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

It is the company's policy to fully maintain investment properties to a level where there is no reduction in their

value. As a result any depreciation provided would only result in an equal transfer being made from to the

revaluation reserve to increase the value of the investment properties to the open market value. Depreciation is

therefore not provided.

Deferred tax

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

sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1st September 2015

628,395

Additions

60,000

At 31st August 2016

688,395

NET BOOK VALUE

At 31st August 2016

688,395

At 31st August 2015

628,395

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

3

Ordinary

£1

3