Stapledon Estate Management Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09074735 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

STAPLEDON ESTATE MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K P Quirk

Mrs C S Quirk

SECRETARY:

K P Quirk

REGISTERED OFFICE:

Hilthorpe

Kings Drive

Caldy

Wirral

Merseyside

CH48 2JH

REGISTERED NUMBER:

09074735 (England and Wales)

ACCOUNTANTS:

Mattocks Grindley

Unit 28

Salisbury Street

St Helens

WA10 1FY

FIXED ASSETS

Investment property

2

254,670

CURRENT ASSETS

Debtors

1,110

-

Cash at bank

3,631

1,820

4,741

1,820

CREDITORS

Amounts falling due within one year

1,443

900

NET CURRENT ASSETS

3,298

920

TOTAL ASSETS LESS CURRENT LIABILITIES

257,968

255,590

CREDITORS

Amounts falling due after more than one
year

256,780

264,557

NET ASSETS/(LIABILITIES)

1,188

(8,967

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

1,088

(9,067

)

SHAREHOLDERS' FUNDS

1,188

(8,967

)

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 28 March 2017 and were signed on its behalf by:

K P Quirk - 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 the total amounts of rent receivable by the company. Rental income is recognised on a

straight line basis over the period of the lease.

Investment property

Investment properties are included in the Balance Sheet at their open market value in accordance with

Statement of Standard Accounting Practice No 19 and are not depreciated. This treatment is contrary to the

Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors,

necessary to give a true and fair view of the financial position of the company.

Deferred tax

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

balance sheet date.

Depreciation

In line with SSAP 19, the investment properties are not depreciated but are shown at their open market value.

Going concern

The accounts have been compiled on a going concern basis. Although the balance sheet is negative the

company directors are of the opinion the company is able to meet its day to day working capital commitments.

The directors are prepared to finance the company and have confirmed that they will not request repayment

of the amounts owed to him for at least 12 months from the date of approving the accounts.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 July 2015

and 30 June 2016

254,670

NET BOOK VALUE

At 30 June 2016

254,670

At 30 June 2015

254,670

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

10,000

Ordinary

£100

100