Abbreviated Company Accounts - NORTHDOWN STREET LIMITED

Abbreviated Company Accounts - NORTHDOWN STREET LIMITED

NORTHDOWN STREET LIMITED - Company Information

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Registered Number 09547644

NORTHDOWN STREET LIMITED

Abbreviated Accounts

30 April 2016

NORTHDOWN STREET LIMITED Registered Number 09547644

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016
£
Fixed assets
Tangible assets 2 4,033,236
4,033,236
Current assets
Debtors 110,585
Cash at bank and in hand 9,556
120,141
Creditors: amounts falling due within one year (883,491)
Net current assets (liabilities) (763,350)
Total assets less current liabilities 3,269,886
Creditors: amounts falling due after more than one year (3,273,948)
Total net assets (liabilities) (4,062)
Capital and reserves
Called up share capital 3 10
Profit and loss account (4,072)
Shareholders' funds (4,062)
  • For the year ending 30 April 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 24 November 2016

And signed on their behalf by:
Martin Jonathan Smulovitch, Director

NORTHDOWN STREET LIMITED Registered Number 09547644

Notes to the Abbreviated Accounts for the period ended 30 April 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 April 2008.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset as follows:

Asset class Depreciation method and rate
Investment properties-No depreciation provided

Other accounting policies
Investment properties
Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows:

No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore 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 which might otherwise have been shown cannot be separately identified or quantified.

2Tangible fixed assets
£
Cost
Additions 4,033,236
Disposals -
Revaluations -
Transfers -
At 30 April 2016 4,033,236
Depreciation
Charge for the year -
On disposals -
At 30 April 2016 -
Net book values
At 30 April 2016 4,033,236
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
10 Ordinary shares of £1 each 10