54 Estates Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 09176755 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

54 Estates Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

H Reichman

M Reichman

SECRETARY:

REGISTERED OFFICE:

5 North End Road

London

NW11 7RJ

REGISTERED NUMBER:

09176755 (England and Wales)

ACCOUNTANTS:

Martin+Heller

Chartered Accountants

5 North End Road

London

NW11 7RJ

FIXED ASSETS

Investment property

2

2,123,539

2,042,132

CURRENT ASSETS

Debtors

9,439

15,000

CREDITORS

Amounts falling due within one year

2,276,423

2,192,787

NET CURRENT LIABILITIES

(2,266,984

)

(2,177,787

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(143,445

)

(135,655

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(143,446

)

(135,656

)

SHAREHOLDERS' FUNDS

(143,445

)

(135,655

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 7 July 2016 and were signed on its behalf by:

M Reichman - 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).

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 1 April 2015

2,042,132

Additions

81,407

At 31 March 2016

2,123,539

NET BOOK VALUE

At 31 March 2016

2,123,539

At 31 March 2015

2,042,132

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

1

Ordinary

£1

1

1