LONDON_AND_REGIONAL_PROPE - Accounts


Company Registration No. 03675873 (England and Wales)
LONDON AND REGIONAL PROPERTY FUND LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
LONDON AND REGIONAL PROPERTY FUND LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
LONDON AND REGIONAL PROPERTY FUND LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
4
4
Current assets
Debtors
212,783
212,783
Creditors: amounts falling due within one year
(558,901)
(558,901)
Net current liabilities
(346,118)
(346,118)
Total assets less current liabilities
(346,114)
(346,114)
Capital and reserves
Called up share capital
3
859
859
Other reserves
152
152
Profit and loss account
(347,125)
(347,125)
Shareholders'  funds
(346,114)
(346,114)
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 20 December 2016
C A Gershinson
Director
Company Registration No. 03675873
LONDON AND REGIONAL PROPERTY FUND LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements have been prepared on the basis that the fundamental accounting concept of going concern is applied. Following a review of the company's accounting records, it is considered that the company will be able to continue in operational existence for the foreseeable future. A principal component in ensuring that the company will continue in operational existence is the continued provision of adequate borrowing facilities from the company's directors. The company has received confirmation from the directors that support will be provided for a period of not less than one year from the date of approval of the financial statements. On this basis the directors consider that the going concern concept continues to be appropriate and has therefore been applied.
1.2
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.3
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006  not to prepare group accounts.
2
Fixed assets
Investments
£
Cost
At 1 April 2015 & at 31 March 2016
106
Depreciation
At 1 April 2015 & at 31 March 2016
102
Net book value
At 31 March 2016
4
At 31 March 2015
4
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
London and Regional Property Fund (No. 1) Limited
England
Ordinary
100.00
London and Regional Property Fund (No. 7) Limited
England
Ordinary
100.00
LONDON AND REGIONAL PROPERTY FUND LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
2
Fixed assets
(Continued)
- 3 -
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
London and Regional Property Fund (No. 1) Limited
Property trading
83,661
(30,098)
London and Regional Property Fund (No. 7) Limited
Property trading
309,806
(49,398)
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
8,590 Ordinary shares of 10p each
859
859
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