Abbreviated Company Accounts - SHEFFIELD ASSURED TENANCIES LIMITED

SHEFFIELD ASSURED TENANCIES LIMITED - Company Information

Registered Number 02305718

SHEFFIELD ASSURED TENANCIES LIMITED

Abbreviated Accounts

31 March 2016

SHEFFIELD ASSURED TENANCIES LIMITED Registered Number 02305718

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	754,541	752,541
Investments	3	1	1
		754,542	752,542
Current assets
Debtors		368,356	352,336
Cash at bank and in hand		1,449	1,812
		369,805	354,148
Creditors: amounts falling due within one year		(22,182)	(12,090)
Net current assets (liabilities)		347,623	342,058
Total assets less current liabilities		1,102,165	1,094,600
Total net assets (liabilities)		1,102,165	1,094,600
Capital and reserves
Called up share capital		340,002	340,002
Revaluation reserve		575,000	575,000
Profit and loss account		187,163	179,598
Shareholders' funds		1,102,165	1,094,600

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 29 December 2016

And signed on their behalf by:
BHARAT AMIN, Director

SHEFFIELD ASSURED TENANCIES LIMITED Registered Number 02305718

Notes to the Abbreviated Accounts for the period ended 31 March 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 provided on furniture, fittings and equipment in equal instalments over their expected useful lives at 10% per annum.
No depreciation is provided in respect of long leasehold investment properties.
This treatment as regards the Company's investment properties may be a departure from the requirements of the Companies Act concerning 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 accounts to give a true and fair view.

Intangible assets amortisation policy
The Company owns one seventh of the ordinary share capital of Hockwood Limited, a company
incorporated in the UK. Hockwood Limited, which owns the residential freehold interest, provides
property related services to the leaseholders. Hockwood Limited has remained dormant throughout
the year. Hockwood had net assets of £7 as at 31 March 2016. This has remained unchanged
since date of incorporation.

Valuation information and policy
In accordance with Statement of Standard Accounting Practice no.19, the Company's investment
leasehold properties were valued by the Directors on an open market basis with vacant
possession as at 31 March 2014. The properties have been stated at current market value.

2Tangible fixed assets

	£
Cost
At 1 April 2015	762,534
Additions	2,000
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	764,534
Depreciation
At 1 April 2015	9,993
Charge for the year	-
On disposals	-
At 31 March 2016	9,993
Net book values
At 31 March 2016	754,541
At 31 March 2015	752,541

In accordance with Statement of Standard Accounting Practice no.19, the Company's investment
leasehold properties were valued by the Directors on an open market basis with vacant
possession as at 31 March 2014. The properties have been stated at current market value.

3Fixed assets Investments
The Company owns one seventh of the ordinary share capital of Hockwood Limited, a company
incorporated in the UK. Hockwood Limited, which owns the residential freehold interest, provides
property related services to the leaseholders. Hockwood Limited has remained dormant throughout
the year. Hockwood had net assets of £7 as at 31 March 2016.This has remained unchanged
since date of incorporation.