Heart of England Properties Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03322727 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

HEART OF ENGLAND PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr K Bedwood

Ms J H Briggs

REGISTERED OFFICE:

Woodford House

The Green

Trysull

Wombourne

South Staffordshire

WV5 7HW

REGISTERED NUMBER:

03322727 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Tangible assets

2

638,381

655,802

CURRENT ASSETS

Stocks

1,050

850

Debtors

3

623,613

639,801

Cash at bank and in hand

295,556

153,037

920,219

793,688

CREDITORS

Amounts falling due within one year

958,124

867,642

NET CURRENT LIABILITIES

(37,905

)

(73,954

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

600,476

581,848

CREDITORS

Amounts falling due after more than one
year

224,601

244,495

NET ASSETS

375,875

337,353

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

375,775

337,253

SHAREHOLDERS' FUNDS

375,875

337,353

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 12 January 2017 and were signed on
its behalf by:

Mr K Bedwood - Director

Ms J H Briggs - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents fees receivable for the year. The company is not registered for value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures, fittings and equipment

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of accelerated capital allowances that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

968,021

Additions

2,156

At 30 September 2016

970,177

DEPRECIATION

At 1 October 2015

312,219

Charge for year

19,577

At 30 September 2016

331,796

NET BOOK VALUE

At 30 September 2016

638,381

At 30 September 2015

655,802

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 235,752 (2015 - £ 135,575 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

50

Ordinary 'A'

£1

50

25

Ordinary 'B'

£1

25

Ordinary 'C'

£1

25

100

5.	SECURED DEBTS

The Royal Bank of Scotland plc hold a debenture dated 13 March 2013 over the assets of the

company.

The Royal Bank of Scotland plc hold a Legal Charge dated 5 April 2013 over the assets of the

company.