Sherazi Property Management Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02666688

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

SHERAZI PROPERTY MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N.H. Sherazi

SECRETARY:

M B Khokhar

REGISTERED OFFICE:

190 London Road

Sheffield

South Yorkshire

S2 4LT

REGISTERED NUMBER:

02666688

ACCOUNTANTS:

Altman, Smith & Co.

461 - 463 London Road

Heeley

Sheffield

South Yorkshire

S2 4HL

FIXED ASSETS

Tangible assets

2

2,356,667

CURRENT ASSETS

Debtors

3,968

-

Cash at bank

47,150

147,356

51,118

147,356

CREDITORS

Amounts falling due within one year

989,000

991,163

NET CURRENT LIABILITIES

(937,882

)

(843,807

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,418,785

1,512,860

CREDITORS

Amounts falling due after more than one year

3

891,623

1,027,976

NET ASSETS

527,162

484,884

CAPITAL AND RESERVES

Called up share capital

4

300

Profit and loss account

526,862

484,584

SHAREHOLDERS' FUNDS

527,162

484,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 14 December 2016 and were signed by:

N.H. Sherazi - 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

life.

Land and buildings - 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

2,356,667

NET BOOK VALUE

At 30 November 2015

2,356,667

At 30 November 2014

2,356,667

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

30/11/15

30/11/14

£

Repayable by instalments

221,063

357,416

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/15

30/11/14

value:

£

300

Ordinary

£1

300