Villapark Properties Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03905102 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

VILLAPARK PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr A Rosenberg

REGISTERED OFFICE:

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

03905102 (England and Wales)

ACCOUNTANTS:

Raffingers

Chartered Certified Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

CURRENT ASSETS

Stocks

138,706

Debtors

141,555

138,757

Cash at bank

3,456

4,831

283,717

282,294

CREDITORS

Amounts falling due within one year

4,848

5,682

NET CURRENT ASSETS

278,869

276,612

TOTAL ASSETS LESS CURRENT
LIABILITIES

278,869

276,612

CREDITORS

Amounts falling due after more than one
year

2

197,985

NET ASSETS

80,884

78,627

CAPITAL AND RESERVES

Called up share capital

3

150

Profit and loss account

80,734

78,477

SHAREHOLDERS' FUNDS

80,884

78,627

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 director acknowledges his 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 director on 17 March 2017 and were signed by:

Mr A Rosenberg - 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).

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.

CREDITORS

Creditors include an amount of £ 197,985 (2015 - £ 197,985 ) for which security has been given.

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

2016

2015

£

Repayable otherwise than by instalments

197,985

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

150

Ordinary

£1

150