Market Court Developments Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06421399 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

MARKET COURT DEVELOPMENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

Dr A Grimley

Mrs J M Grimley

M F Smith

Mrs G M Smith

SECRETARY:

M F Smith

REGISTERED OFFICE:

7 Market Place

Brigg

North Lincolnshire

DN20 8ES

REGISTERED NUMBER:

06421399 (England and Wales)

ACCOUNTANTS:

Kirby and Haslam

Chartered Accountants

11 King Street

King's Lynn

Norfolk

PE30 1ET

FIXED ASSETS

Investment property

2

582,913

572,760

CURRENT ASSETS

Debtors

288,840

295,878

Cash at bank

6,416

37,289

295,256

333,167

CREDITORS

Amounts falling due within one year

779,935

787,358

NET CURRENT LIABILITIES

(484,679

)

(454,191

)

TOTAL ASSETS LESS CURRENT LIABILITIES

98,234

118,569

CAPITAL AND RESERVES

Called up share capital

3

400

400

Profit and loss account

97,834

118,169

SHAREHOLDERS' FUNDS

98,234

118,569

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 15 February 2017 and were signed on its behalf by:

Mrs J M Grimley - 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).

Investment property

Deferred tax

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

sheet date.

Going concern

These financial statements have been prepared on the going concern basis. The directors consider this basis to

be appropriate but have not assessed a period in excess of 12 months from the date of approving the accounts.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 July 2015

572,760

Additions

10,153

At 30 June 2016

582,913

NET BOOK VALUE

At 30 June 2016

582,913

At 30 June 2015

572,760

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

£

400

Ordinary

£1

400

400

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 three)

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 Market Court Developments Limited for the year ended 30 June 2016 which comprise the Profit

and Loss Account, the Balance Sheet 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 Market Court Developments 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 Market Court Developments Limited and state those matters that we have agreed to state to the Board of Directors of Market Court Developments 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 Market Court Developments Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Market Court Developments 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 loss of Market Court Developments Limited. You consider that Market Court Developments 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 Market Court Developments 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.

Kirby and Haslam

Chartered Accountants

11 King Street

King's Lynn

Norfolk

PE30 1ET

16 February 2017