Abbreviated Company Accounts - NEST EGG PROPERTY INVESTMENTS LIMITED

NEST EGG PROPERTY INVESTMENTS LIMITED - Company Information

04715864 NEST EGG PROPERTY INVESTMENTS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04715864 2015-04-01 2016-03-31 04715864 2016-03-31 04715864 2015-03-31 04715864 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04715864 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 04715864

NEST EGG PROPERTY INVESTMENTS LIMITED

Abbreviated Accounts

31 March 2016

NEST EGG PROPERTY INVESTMENTS LIMITED Registered Number 04715864

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	3,267,907	3,076,785
		3,267,907	3,076,785
Current assets
Debtors		73,195	68,346
Cash at bank and in hand		3,843	4,362
		77,038	72,708
Creditors: amounts falling due within one year	3	(190,844)	(214,578)
Net current assets (liabilities)		(113,806)	(141,870)
Total assets less current liabilities		3,154,101	2,934,915
Creditors: amounts falling due after more than one year	3	(2,484,952)	(2,291,150)
Total net assets (liabilities)		669,149	643,765
Capital and reserves
Called up share capital	4	100	100
Revaluation reserve		591,198	590,688
Profit and loss account		77,851	52,977
Shareholders' funds		669,149	643,765

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 21 December 2016

And signed on their behalf by:
G G A Caruthers, Director

NEST EGG PROPERTY INVESTMENTS LIMITED Registered Number 04715864

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

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, 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 rents receivable, which are credited to revenue in the accounting period in which they are receivable.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class - Depreciation method and rate
Investment properties - No depreciation is charged on investment properties
Fixtures, fittings and equipment - 20% straight line basis

Other accounting policies
Going concern
The director believes that the company is well placed to manage its business risks successfully, despite the current uncertain economic outlook, and has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Investment properties
The company's properties are held for long-term investment. Investment properties are accounted for in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), 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.

Hire purchase and leasing
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2Tangible fixed assets

	£
Cost
At 1 April 2015	3,079,900
Additions	373,621
Disposals	(182,257)
Revaluations	510
Transfers	-
At 31 March 2016	3,271,774
Depreciation
At 1 April 2015	3,115
Charge for the year	752
On disposals	-
At 31 March 2016	3,867
Net book values
At 31 March 2016	3,267,907
At 31 March 2015	3,076,785

3Creditors

	2016 £	2015 £
Secured Debts	2,508,952	2,312,150
Instalment debts due after 5 years	2,473,970	2,291,150

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100