SSR Estates Ltd - Abbreviated accounts

SSR ESTATES LIMITED - Company Information

Registered number

08257568

SSR Estates Ltd

Abbreviated Accounts

31 March 2016

SSR Estates Ltd
Registered number:		08257568
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		1,131,035			796,499

Current assets
Debtors		781,003			507,721
Cash at bank and in hand		8,426			23,787
		789,429			531,508

Creditors: amounts falling due within one year		(1,012,211)			(783,060)

Net current liabilities			(222,782)			(251,552)

Total assets less current liabilities			908,253			544,947

Creditors: amounts falling due after more than one year			(439,192)			(461,114)

Provisions for liabilities			(67,000)			-


Net assets			402,061			83,833

Capital and reserves
Called up share capital	3		120			120
Revaluation reserve			335,000			-
Profit and loss account			66,941			83,713

Shareholders' funds			402,061			83,833

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr C V Ganatra
Director
Approved by the board on 11 November 2016

SSR Estates Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover
	Turnover represents the value, net of value added tax and discounts, rents receivable from investment properties.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and equipment			20% straight line

	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 directors 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.

2	Tangible fixed assets					£

	Cost
	At 1 April 2015					796,963
	Surplus on revaluation					335,000
	At 31 March 2016					1,131,963

	Depreciation
	At 1 April 2015					464
	Charge for the year					464
	At 31 March 2016					928

	Net book value
	At 31 March 2016					1,131,035
	At 31 March 2015					796,499


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		120		120		120