Abbreviated Company Accounts - SOUTHERN PROPERTY DEVELOPMENT LIMITED

SOUTHERN PROPERTY DEVELOPMENT LIMITED - Company Information

08326126 SOUTHERN PROPERTY DEVELOPMENT LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 08326126 2015-04-01 2016-03-31 08326126 2016-03-31 08326126 2015-03-31 08326126 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 08326126 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 08326126

SOUTHERN PROPERTY DEVELOPMENT LIMITED

Abbreviated Accounts

31 March 2016

SOUTHERN PROPERTY DEVELOPMENT LIMITED Registered Number 08326126

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Investments	2	131,093	131,092
		131,093	131,092
Current assets
Stocks		684,689	1,219,008
Debtors		2,030,295	2,371,967
Cash at bank and in hand		2,808	53
		2,717,792	3,591,028
Creditors: amounts falling due within one year	3	(2,678,484)	(3,721,248)
Net current assets (liabilities)		39,308	(130,220)
Total assets less current liabilities		170,401	872
Total net assets (liabilities)		170,401	872
Capital and reserves
Called up share capital	4	10	10
Profit and loss account		170,391	862
Shareholders' funds		170,401	872

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 December 2016

And signed on their behalf by:
D Capra, Director

SOUTHERN PROPERTY DEVELOPMENT LIMITED Registered Number 08326126

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015

Turnover policy
Turnover represents the sale of property during the year together with interest charged.

Tangible assets depreciation policy
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Other accounting policies
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

2Fixed assets Investments
Investments:
Subsidiary undertakings
Brought forward £131,092, additions £1, As at 31 March 2016 £131,093.

Lagoon Estates Limited (England & Wales) Property investors 100% Ordinary shares
Capital and reserves £(268,817) Profit for the year £(59,244)
Marina View Limited (England & Wales) Property investors 100% Ordinary shares
Capital and reserves £62,843 Profit for the year £(42,348)
Amberswan Limited (England & Wales) Property investors 100% Ordinary shares
Capital and reserves £1,242 Profit for the year £33,912

3Creditors

	2016 £	2015 £
Secured Debts	2,677,172	3,719,713

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £0.01 each	10	10