Scan Properties Limited - Abbreviated accounts 16.1

Scan Properties Limited - Abbreviated accounts 16.1

SCAN PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 00779015 (England and Wales)













SCAN PROPERTIES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 25TH MARCH 2016






SCAN PROPERTIES LIMITED (REGISTERED NUMBER: 00779015)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 25TH MARCH 2016










Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 6

SCAN PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 25TH MARCH 2016







DIRECTORS: D.W. Green
E. Green
M S Green





SECRETARY: D.W. Green





REGISTERED OFFICE: 39A Welbeck Street
London
W1G 8DH





REGISTERED NUMBER: 00779015 (England and Wales)





ACCOUNTANTS: Sinclairs Bartrum Lerner
Chartered Accountants
39A Welbeck Street
London
W1G 8DH
Page 1
SCAN PROPERTIES LIMITED (REGISTERED NUMBER: 00779015)

ABBREVIATED BALANCE SHEET
25TH MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 443 134
Investments 3 100,504 100,504
100,947 100,638

CURRENT ASSETS
Stocks 786,401 17,501
Debtors 119,791 104,628
Cash at bank 106,528 473,214
1,012,720 595,343
CREDITORS
Amounts falling due within one year 619,265 529,146
NET CURRENT ASSETS 393,455 66,197
TOTAL ASSETS LESS CURRENT
LIABILITIES
494,402
166,835

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 494,302 166,735
SHAREHOLDERS' FUNDS 494,402 166,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25th March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 25th 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 notes form part of these abbreviated accounts

Page 2 continued...
SCAN PROPERTIES LIMITED (REGISTERED NUMBER: 00779015)

ABBREVIATED BALANCE SHEET - continued
25TH MARCH 2016


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 15th December 2016 and were signed on its behalf
by:





D.W. Green - Director


The notes form part of these abbreviated accounts

Page 3
SCAN PROPERTIES LIMITED (REGISTERED NUMBER: 00779015)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 25TH MARCH 2016


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).

Preparation of consolidated financial statements
The financial statements contain information about Scan Properties 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 sale of property and lease extensions granted during the year.

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

Fixtures and fittings - 15% on reducing balance

Stocks
Stock of properties are valued at lower of cost and net realisable value.

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

Investments
Investments held as fixed assets are stated at cost less provision for permanent diminution in value. Those held as
current assets are stated at the lower of cost and net realisable value.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 26th March 2015 5,114
Additions 387
At 25th March 2016 5,501
DEPRECIATION
At 26th March 2015 4,980
Charge for year 78
At 25th March 2016 5,058
NET BOOK VALUE
At 25th March 2016 443
At 25th March 2015 134

Page 4 continued...
SCAN PROPERTIES LIMITED (REGISTERED NUMBER: 00779015)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 25TH MARCH 2016


3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 26th March 2015
and 25th March 2016 100,504
NET BOOK VALUE
At 25th March 2016 100,504
At 25th March 2015 100,504

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries


Moyo Estates Limited
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00
2016 2015
£    £   
Aggregate capital and reserves 25,488 25,488

Granby Properties Limited
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00
2016 2015
£    £   
Aggregate capital and reserves 448,967 449,033
Loss for the year (66 ) (35 )

Associated company

Robas Limited
Nature of business: Property investment
%
Class of shares: holding
Ordinary 50.00
2016 2015
£    £   
Aggregate capital and reserves 39,917 42,346
Loss for the year (2,429 ) (3,535 )

Page 5 continued...
SCAN PROPERTIES LIMITED (REGISTERED NUMBER: 00779015)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 25TH MARCH 2016


4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 6