Shad Thames Property Investment Ltd
Shad Thames Property Investment Ltd
Registered number: 6258869
Director's Report and
Unaudited Financial Statements
For The Year Ended 31 May 2016
Shepheard And Co Ltd
Shad Thames Property Investment Ltd
Director's Report and Financial Statements
For The Year Ended 31 May 2016
Director's Report and Financial Statements
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| Company Information | 1 |
| Director's Report | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Accounts | 5—6 |
Shad Thames Property Investment Ltd
Company Information
For The Year Ended 31 May 2016
Company Information
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| Accountants | Shepheard And Co Ltd |
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Page 1
Shad Thames Property Investment Ltd
Company No. 6258869
Director's Report For The Year Ended 31 May 2016
Director's Report
The director presents his report and the financial statements for the year ended 31 May 2016 .
Statement of Director's Responsibilities
The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Principal Activity
The company's principal activity continues to be that of property investment.
Directors
The directors who held office during the year were as follows:
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Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
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Page 2
Shad Thames Property Investment Ltd
Profit and Loss Account
For The Year Ended 31 May 2016
Profit and Loss Account
| 2016 | 2015 | |||
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| Notes | £ | £ | ||
| TURNOVER |
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| Cost of sales |
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| GROSS PROFIT |
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| Administrative expenses |
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| OPERATING PROFIT |
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| PROFIT ON ORDINARY ACTIVITIES BEFORE INTEREST |
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| Interest payable and similar charges |
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| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
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| Tax on profit on ordinary activities | 2 |
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| PROFIT FOR THE FINANCIAL YEAR | 7 |
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Page 3
Shad Thames Property Investment Ltd
Balance Sheet
As at
31 May 2016
Balance Sheet
| 2016 | 2015 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| 507,086 | 507,086 | ||||
| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 7 |
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Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
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Page 4
Shad Thames Property Investment Ltd
Notes to the Unaudited Accounts
For The Year Ended 31 May 2016
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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Tax on Profit on Ordinary Activities
| 2016 | 2015 | ||
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| £ | £ | ||
| UK Corporation Tax |
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| Total Current Tax Charge |
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Tangible Assets
| Land & Property | |
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| Net Book Value | |
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Debtors
| 2016 | 2015 | ||
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| £ | £ | ||
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| Trade debtors |
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| Prepayments and accrued income |
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Page 5
Shad Thames Property Investment Ltd
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 May 2016
5.
Creditors: Amounts Falling Due Within One Year
| 2016 | 2015 | ||
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| Trade creditors |
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| Bank loans and overdrafts | 276,496 | 299,715 | |
| Corporation tax |
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| VAT |
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| Other creditors |
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| Other creditors (1) | 106,638 | 106,638 | |
| Accruals and deferred income |
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7.
Reconciliation of Reserves
| Share Capital | Profit & Loss Account | |
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| Profit for year | - |
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8.
Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
Page 6