Tealby Estates Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05126302 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2016

for

Tealby Estates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

5

DIRECTORS:

M S Nagra

K S Nagra

N Brown

SECRETARY:

M S Nagra

REGISTERED OFFICE:

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

REGISTERED NUMBER:

05126302 (England and Wales)

ACCOUNTANTS:

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

FIXED ASSETS

Investment property

2

1,195,000

CURRENT ASSETS

Debtors

198,100

224,021

Cash at bank

5,379

3,631

203,479

227,652

CREDITORS

Amounts falling due within one year

(357,511

)

(371,928

)

NET CURRENT LIABILITIES

(154,032

)

(144,276

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,040,968

1,050,724

CREDITORS

Amounts falling due after more than one
year

(196,770

)

(247,859

)

NET ASSETS

844,198

802,865

CAPITAL AND RESERVES

Called up share capital

3

Revaluation reserve

745,582

Profit and loss account

98,613

57,280

SHAREHOLDERS' FUNDS

844,198

802,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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 22nd December 2016 and were signed on its
behalf by:

M S Nagra - Director

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).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

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

sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1st April 2015

and 31st March 2016

1,195,000

NET BOOK VALUE

At 31st March 2016

1,195,000

At 31st March 2015

1,195,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

3

Ordinary

£1

3

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 four)

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 Tealby Estates 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 Tealby Estates 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 Tealby Estates Limited and state those matters that we have agreed to state to the Board of Directors of Tealby Estates 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 Tealby Estates Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tealby Estates 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 Tealby Estates Limited. You consider that Tealby Estates 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 Tealby Estates 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.

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

22nd December 2016