ADDLEMOOR_PROPERTIES_LIMI - Accounts

ADDLEMOOR PROPERTIES LIMITED - Company Information

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Company Registration No. 05742480 (England and Wales)

ADDLEMOOR PROPERTIES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

ADDLEMOOR PROPERTIES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

ADDLEMOOR PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,993,995

1,995,770

Investments

1,001,372

2,995,367

1,995,770

Current assets

Debtors

5,503

1,367

Cash at bank and in hand

3,039

4,016

8,542

5,383

Creditors: amounts falling due within one year

(1,885,246)

(858,773)

Net current liabilities

(1,876,704)

(853,390)

Total assets less current liabilities

1,118,663

1,142,380

Creditors: amounts falling due after more than one year

(749,537)

(785,498)

369,126

356,882

Capital and reserves

Called up share capital

Revaluation reserve

266,024

Profit and loss account

103,101

90,857

Shareholders' funds

369,126

356,882

ADDLEMOOR PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 December 2016

Mr F Lampard

Director

Company Registration No. 05742480

ADDLEMOOR PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for rent on investment properties.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% straight line basis

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

ADDLEMOOR PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 April 2015

2,029,989

Additions

905

1,001,372

1,002,277

At 31 March 2016

2,030,894

1,001,372

3,032,266

Depreciation

At 1 April 2015

34,219

Charge for the year

2,680

At 31 March 2016

36,899

Net book value

At 31 March 2016

1,993,995

1,001,372

2,995,367

At 31 March 2015

1,995,770

This investment represents an interest in FL & Son LLP, a limited liability partnership, whose registered office is 19 Portland Place, London, W1B 1PX.

Creditors: amounts falling due within one year

The loan is secured by a fixed and floating charge over the assets of the company.

Creditors: amounts falling due after more than one year

2016

2015

Analysis of loans repayable in more than five years

Total not repayable by instalments and due in more than five years

188,434

Total amounts repayable by instalments which are due in more than five years

411,641

453,545

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary shares of £1 each