Property Shop (Accrington) Limited - Abbreviated accounts 16.3
Property Shop (Accrington) Limited - Abbreviated accounts 16.3
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31ST MARCH 2016 |
FOR |
PROPERTY SHOP (ACCRINGTON) LIMITED |
PROPERTY SHOP (ACCRINGTON) LIMITED (REGISTERED NUMBER: 04908035) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST MARCH 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Chartered Accountants' Report | 6 |
PROPERTY SHOP (ACCRINGTON) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2016 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
PROPERTY SHOP (ACCRINGTON) LIMITED (REGISTERED NUMBER: 04908035) |
ABBREVIATED BALANCE SHEET |
31ST MARCH 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 | 672,465 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
3 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Revaluation reserve |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
PROPERTY SHOP (ACCRINGTON) LIMITED (REGISTERED NUMBER: 04908035) |
ABBREVIATED BALANCE SHEET - continued |
31ST MARCH 2016 |
The financial statements were approved by the Board of Directors on behalf by: |
PROPERTY SHOP (ACCRINGTON) LIMITED (REGISTERED NUMBER: 04908035) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST 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 2005 ) except for the non provision of |
depreciation on the cost and improvement expenditure on freehold property. |
Turnover |
Tangible fixed assets |
No depreciation is provided on the property as, in the opinion of the directors, the property is maintained to a |
high standard and therefore the market value exceeds the historical cost. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1st April 2015 |
Additions |
At 31st March 2016 |
DEPRECIATION |
At 1st April 2015 |
and 31st March 2016 |
NET BOOK VALUE |
At 31st March 2016 |
At 31st March 2015 |
3. | CREDITORS |
Creditors include the following debts falling due in more than five years: |
2016 | 2015 |
£ | £ |
Repayable by instalments | 631,523 | 631,523 |
PROPERTY SHOP (ACCRINGTON) LIMITED (REGISTERED NUMBER: 04908035) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2016 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid:Number: Class: Nominal Value 2016 |
2015 |
£1 |
100 A Ordinary 100 | 99 |
Nil B Ordinary - | 1 |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
PROPERTY SHOP (ACCRINGTON) LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Property Shop (Accrington) Limited for the year ended 31st March 2016 which comprise the |
Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from |
information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Property Shop (Accrington) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Property Shop (Accrington) Limited and state those matters that we have agreed to state to the Board of Directors of Property Shop (Accrington) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Property Shop (Accrington) Limited Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Property Shop (Accrington) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Property Shop (Accrington) Limited. You consider that Property Shop (Accrington) Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Property Shop (Accrington) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Date: ............................................. |