Siyatta Investments Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04809562 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

SIYATTA INVESTMENTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Stern

Mrs R Margulies

C M Margulies

J Stern

SECRETARY:

J Stern

REGISTERED OFFICE:

Russell Lodge 23 A St. Andrew's Grove

London

N16 5NF

REGISTERED NUMBER:

04809562 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

2

91,719

92,064

Investment property

3

1,706,757

1,798,476

1,798,821

CURRENT ASSETS

Debtors

459,124

165,773

CREDITORS

Amounts falling due within one year

4

963,731

674,203

NET CURRENT LIABILITIES

(504,607

)

(508,430

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,293,869

1,290,391

CREDITORS

Amounts falling due after more than one
year

4

1,009,543

1,046,737

NET ASSETS

284,326

243,654

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

284,226

243,554

SHAREHOLDERS' FUNDS

284,326

243,654

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 27 February 2017 and were signed on its behalf
by:

J Stern - Director

C M Margulies - 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 net rent receivable, 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.

Improvements to property

-

not provided

Fixtures and fittings

-

15% on reducing balance

Investment property - depreciation

In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or

amortisation is provided in respect of freehold investment properties nor on leasehold investment properties

having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act

2006, for all properties to be depreciated, is necessary, as the directors consider that this accounting policy

results in the financial statements giving true and fair view.

Investment properties

Investment Properties are included in the Balance Sheet at historical cost, which is not in accordance with

Financial Reporting Standard for Smaller Entities(effective April 2008), which requires such properties to be

stated at current market value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

99,611

DEPRECIATION

At 1 July 2015

7,547

Charge for year

345

At 30 June 2016

7,892

NET BOOK VALUE

At 30 June 2016

91,719

At 30 June 2015

92,064

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 July 2015

and 30 June 2016

1,706,757

NET BOOK VALUE

At 30 June 2016

1,706,757

At 30 June 2015

1,706,757

4.

CREDITORS

Creditors include an amount of £ 680,869 (30.6.15 - £ 690,513 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.6.16

30.6.15

£

Repayable by instalments

1,009,572

750,951

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

100

Ordinary

£1

100