Accounts filed on 31-03-2016

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			Company registration number:04393983
		MODY PROPERTY COMPANY LTD
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 March 2016

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MODY PROPERTY COMPANY LTD
BALANCE SHEET
AS AT 31 March 2016
			2016				2015
		Notes	£		£		£		£
FIXED ASSETS
Tangible assets		2			1,557,434				1,559,951
					1,557,434				1,559,951
CURRENT ASSETS
Cash at bank and in hand			621				5,075
			621				5,075
CREDITORS
Amounts falling due within one year			(399,030)				(403,443)
NET CURRENT ASSETS					(398,409)				(398,368)
TOTAL ASSETS LESS
CURRENT LIABILITIES					1,159,025				1,161,583
Creditors falling due after one year					(973,773)				(1,000,957)
NET ASSETS					185,252				160,626
CAPITAL AND RESERVES
Called-up equity share capital		3			100				100
Profit and loss account					185,152				160,526
SHAREHOLDERS FUNDS					185,252				160,626
For the year ending 31 March 2016 the company was entitled to exemption un section 477 of the Companies Act 2006 relating to small companies. secured
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 the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
..........................................................................
Mr H S Mody
23 December 2016
The annexed notes form part of these financial statements.

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MODY PROPERTY COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Statement of cashflow

The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

Turnover

Turnover comprises the rental income received by the company.

Fixed assets

Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Fixtures and fittings 25% reducing balance basis

2.	Tangible fixed assets
				Total
	Cost
	At start of period			1,576,023
	At end of period			1,576,023
	Depreciation
	At start of period			16,072
	Provided during the period			2,517
	At end of period			18,589
	Net Book Value
	At start of period			1,559,951
	At end of period			1,557,434

3.	Share capital				Allotted, issued and fully paid
					2016	2015
					£	£
	Ordinary shares of £1 each				100	100
	Total issued share capital				100	100