Semidale Properties Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 04452792 (England and Wales)

Financial Statements for the Year Ended 31 May 2016

for

Semidale Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Varsha Kotecha

Ms Bindu Kotecha

SECRETARY:

Ms Bindu Kotecha

REGISTERED OFFICE:

23 The Avenue

Harrow Weald

Harrow

Middlesex

HA3 7DB

REGISTERED NUMBER:

04452792 (England and Wales)

FIXED ASSETS

Tangible assets

2

-

-

Investment property

3

253,690

253,690

253,690

253,690

CURRENT ASSETS

Cash at bank

5,681

10,614

CREDITORS

Amounts falling due within one year

4

116,809

116,823

NET CURRENT LIABILITIES

(111,128

)

(106,209

)

TOTAL ASSETS LESS CURRENT LIABILITIES

142,562

147,481

CREDITORS

Amounts falling due after more than one year

5

111,459

124,709

NET ASSETS

31,103

22,772

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

31,003

22,672

SHAREHOLDERS' FUNDS

31,103

22,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 February 2017 and were signed on its behalf by:

Varsha Kotecha - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net income receivable from sale of goods and services in the year, excluding

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2015

and 31 May 2016

2,128

DEPRECIATION

At 1 June 2015

and 31 May 2016

2,128

NET BOOK VALUE

At 31 May 2016

-

3.	INVESTMENT PROPERTY

The Investment properties were valued on the 31st December 2015 on an open market value basis by

the directors. The total value was £600,000. The historic cost was £253,690.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.16

31.5.15

£

£

Bank loans and overdrafts

16,039

16,039

Trade creditors

3,670

3,670

Taxation and social security

1,609

2,043

Other creditors

95,491

95,071

116,809

116,823

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.16

31.5.15

£

£

Bank loans

111,459

124,709

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

100

Ordinary Shares

1

100

100

7.

RESERVES

Retained

earnings

£

At 1 June 2015

22,672

Profit for the year

8,331

At 31 May 2016

31,003