SBS Commercial Property Limited - Abbreviated accounts 16.3
SBS Commercial Property Limited - Abbreviated accounts 16.3
REGISTERED NUMBER: |
Abbreviated Accounts |
for the Year Ended 5 April 2016 |
for |
SBS Commercial Property Limited |
SBS Commercial Property Limited (Registered number: 02682863) |
Contents of the Abbreviated Accounts |
for the Year Ended 5 April 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
SBS Commercial Property Limited |
Company Information |
for the Year Ended 5 April 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
SBS Commercial Property Limited (Registered number: 02682863) |
Abbreviated Balance Sheet |
5 April 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
3 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Revaluation reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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 financial statements were approved by the Board of Directors on |
SBS Commercial Property Limited (Registered number: 02682863) |
Notes to the Abbreviated Accounts |
for the Year Ended 5 April 2016 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
Turnover |
Turnover represents sales of services excluding value added tax. |
Tangible fixed assets |
Freehold property | - |
Fixtures, fittings & equipment | - |
Computer equipment | - |
In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) freehold |
investment property has been included at its open market,market rental value at the balance sheet date. The |
surplus on revaluation has been transferred to a revaluation reserve. Depreciation has not been provided in |
respect of the freehold property. This is a departure from the Companies Act 2006. However the directors |
consider that this accounting policy is necessary to provide a true and fair view. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. Deferred tax is not provided on the revaluation of fixed assets. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 6 April 2015 |
Additions |
At 5 April 2016 |
DEPRECIATION |
At 6 April 2015 |
Charge for year |
At 5 April 2016 |
NET BOOK VALUE |
At 5 April 2016 |
At 5 April 2015 |
3. | CREDITORS |
Creditors include an amount of £ |
They also include the following debts falling due in more than five years: |
2016 | 2015 |
£ | £ |
Repayable by instalments | 256,647 | 289,984 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | £1 |