SWITCHMOST LIMITED - Abbreviated accounts 16.3

REGISTERED NUMBER: 01618330 (England and Wales)

Abbreviated Unaudited Accounts For The Year Ended 30 June 2016

for

SWITCHMOST LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

J S McInnes

S E Morris

SECRETARY:

J S McInnes

REGISTERED OFFICE:

66 Cross Street

Sale

Manchester

M33 7AN

REGISTERED NUMBER:

01618330 (England and Wales)

ACCOUNTANTS:

Charles & Company

Chartered Accountants

66 Cross Street

Sale

Manchester

M33 7AN

FIXED ASSETS

Tangible assets

2

587

690

Investment property

3

900,000

900,587

900,690

CURRENT ASSETS

Debtors

6,494

4,617

Cash at bank

57,938

42,313

64,432

46,930

CREDITORS

Amounts falling due within one year

20,033

19,800

NET CURRENT ASSETS

44,399

27,130

TOTAL ASSETS LESS CURRENT
LIABILITIES

944,986

927,820

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

415,803

Profit and loss account

529,083

511,917

SHAREHOLDERS' FUNDS

944,986

927,820

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 19 December 2016 and were signed on its behalf by:

S E Morris - Director

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

The company's turnover represents rents receivable from furnished and unfurnished lettings.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

14,683

DEPRECIATION

At 1 July 2015

13,993

Charge for year

103

At 30 June 2016

14,096

NET BOOK VALUE

At 30 June 2016

587

At 30 June 2015

690

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 July 2015

and 30 June 2016

900,000

NET BOOK VALUE

At 30 June 2016

900,000

At 30 June 2015

900,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

1

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of SWITCHMOST LIMITED for the year ended 30 June 2016 which comprise the Profit and Loss Account, the

Balance Sheet, the Statement of Total Recognised Gains and Losses and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of SWITCHMOST LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SWITCHMOST LIMITED and state those matters that we have agreed to state to the Board of Directors of SWITCHMOST LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SWITCHMOST LIMITED Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SWITCHMOST LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SWITCHMOST LIMITED. You consider that SWITCHMOST LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SWITCHMOST LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Charles & Company

Chartered Accountants

66 Cross Street

Sale

Manchester

M33 7AN

19 December 2016