Shordigan Holdings Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02364651 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

Shordigan Holdings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

V I Cohen

Dr R Cohen

SECRETARY:

Dr R Cohen

REGISTERED OFFICE:

Parker Cavendish

28 Church Road

Stanmore

Middlesex

HA7 4XR

REGISTERED NUMBER:

02364651 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

28 Church Road

Stanmore

Middlesex

HA7 4XR

FIXED ASSETS

Tangible assets

2

2,788

3,718

Investments

3

152

Investment property

4

1,250,000

1,160,000

1,252,940

1,163,870

CURRENT ASSETS

Debtors

202

3,908

Cash at bank

18,041

24,131

18,243

28,039

CREDITORS

Amounts falling due within one year

5

(223,374

)

(268,598

)

NET CURRENT LIABILITIES

(205,131

)

(240,559

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,047,809

923,311

CREDITORS

Amounts falling due after more than one
year

5

-

(9,953

)

NET ASSETS

1,047,809

913,358

CAPITAL AND RESERVES

Called up share capital

6

4

Revaluation reserve

137,743

47,743

Profit and loss account

910,062

865,611

SHAREHOLDERS' FUNDS

1,047,809

913,358

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:

V I Cohen - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Preparation of consolidated financial statements

The financial statements contain information about Shordigan Holdings Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company

has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated

financial statements.

Turnover

Turnover represents rents receivable, excluding value added tax.

Tangible fixed assets

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

Furniture, fixtures & fittings

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve. Depreciation is not provided in respect

of freehold investment properties in order to show a true and fair view.

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

26,797

DEPRECIATION

At 1 April 2015

23,079

Charge for year

930

At 31 March 2016

24,009

NET BOOK VALUE

At 31 March 2016

2,788

At 31 March 2015

3,718

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

152

NET BOOK VALUE

At 31 March 2016

152

At 31 March 2015

152

The company's investment in its subsidiary company represents the cost of acquisition of 52% of the

ordinary 'A' share capital and 1/3 of the ordinary 'B' share capital of SVS Investments Ltd which is a

property investment company. The 'A' shares carry full voting, dividend and participation rights.

At 31 March 2016, the aggregate of the share capital and reserves of SVS Investments Ltd amounted

to £703,040 (2015: £683,882) and the profit for the year after tax to that date was £19,158 (2015:

£19,011).

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2015

1,160,000

Revaluations

90,000

At 31 March 2016

1,250,000

NET BOOK VALUE

At 31 March 2016

1,250,000

At 31 March 2015

1,160,000

5.

CREDITORS

The following secured debts are included within creditors:

2016

2015

£

Bank loans

9,268

27,953

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

4

Ordinary

£1

4