Isallo Properties Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04535899 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

Isallo Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N L Porter

C M Manning

P M Weston

D J Dinan

SECRETARY:

Mrs C J Porter

REGISTERED OFFICE:

Ashcombe Court

Woolsack Way

Godalming

Surrey

GU7 1LQ

REGISTERED NUMBER:

04535899 (England and Wales)

ACCOUNTANTS:

Roffe Swayne

Chartered Accountants

Ashcombe Court

Woolsack Way

Godalming

Surrey

GU7 1LQ

FIXED ASSETS

Tangible assets

2

-

Investments

3

-

1

-

1

CURRENT ASSETS

Debtors: amounts falling due within one
year

336,736

309,459

Debtors: amounts falling due after more
than one year

4

1,050,000

Cash at bank

25,684

518,651

1,412,420

1,878,110

CREDITORS

Amounts falling due within one year

1,232,455

1,715,424

NET CURRENT ASSETS

179,965

162,686

TOTAL ASSETS LESS CURRENT
LIABILITIES

179,965

162,687

CAPITAL AND RESERVES

Called up share capital

5

3

Capital redemption reserve

1

Profit and loss account

179,961

162,683

SHAREHOLDERS' FUNDS

179,965

162,687

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 29 March 2017 and were signed on its
behalf by:

N L Porter - 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 invoiced sales of services, 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.

Computer equipment

-

33% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Fixed asset investments

Fixed asset investments represent the company's interests in a property investment partnership and

are shown at cost in accordance with the FRSSE.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

9,338

DEPRECIATION

At 1 July 2015

and 30 June 2016

9,338

NET BOOK VALUE

At 30 June 2016

-

At 30 June 2015

-

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2015

1

Disposals

(1

)

At 30 June 2016

-

NET BOOK VALUE

At 30 June 2016

-

At 30 June 2015

1

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Associated company

The company had a joint venture agreement in Cornhill Property partnership up to the year ending 30

June 2015. The disposal above is a result of this agreement ending.

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 1,050,000 (2015 - £ 1,050,000

)

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

200

Ordinary

£0.01

2

100

A, B, C, D and E Ordinary

£0.01

1

3

The Ordinary shares and the A, B, C, D and E shares rank in all respects pari passu with each other,

save that each such class carries the right to any dividend declared on that class by the directors from

time to time and those rights are exhaustive and independent of the rights of the other classes.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2016 and

30 June 2015:

2016

2015

£

N L Porter

Balance outstanding at start of year

70,895

77,908

Amounts advanced

-

167

Amounts repaid

-

(7,180

)

Balance outstanding at end of year

70,895

C M Manning

Balance outstanding at start of year

71,491

84,719

Amounts advanced

-

167

Amounts repaid

-

(13,395

)

Balance outstanding at end of year

71,491

P M Weston

Balance outstanding at start of year

71,603

84,432

Amounts advanced

-

166

Amounts repaid

-

(12,995

)

Balance outstanding at end of year

71,603