Sohot Property Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 08135158 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2016

FOR

SOHOT PROPERTY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G W De Canha

S P Flower

REGISTERED OFFICE:

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

REGISTERED NUMBER:

08135158 (England and Wales)

ACCOUNTANTS:

Exceed CA Ltd

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

FIXED ASSETS

Tangible assets

4

550,000

418,920

CURRENT ASSETS

Debtors

266

-

Cash at bank

85,507

174,381

85,773

174,381

CREDITORS

Amounts falling due within one year

130,966

144,095

NET CURRENT (LIABILITIES)/ASSETS

(45,193

)

30,286

TOTAL ASSETS LESS CURRENT LIABILITIES

504,807

449,206

CREDITORS

Amounts falling due after more than one year

5

385,547

385,547

NET ASSETS

119,260

63,659

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

119,250

63,649

SHAREHOLDERS' FUNDS

119,260

63,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th June 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30th March 2017 and were signed on its behalf by:

G W De Canha - Director

S P Flower - Director

1.	STATUTORY INFORMATION

Sohot Property Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the rental incomes received from tenants.

Tangible fixed assets

All fixed assets are revalued to fair market values under FRS102 accounting standards.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1st July 2015

418,920

Additions

12,400

Revaluations

118,680

At 30th June 2016

550,000

NET BOOK VALUE

At 30th June 2016

550,000

At 30th June 2015

418,920

The asset shown above relates to 'Oakdale'.

During the previous year the properties 'New Road' and 'Stanthorpe Road' were sold, and this has been reflected

in the profit and loss account.

Cost or valuation at 30th June 2016 is represented by:

Totals

£

Valuation in 2016

550,000

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

385,547

385,547

Shawbrook Bank have legal charge over the company's assets in order to secure the bank loan. This loan is

secured against the specific asset to which it relates.

Where the directors secured finance on behalf of the company, such assets and corresponding liabilities are

regarded as that of the company.

6.	RELATED PARTY DISCLOSURES

The company is controlled by its directors.

At the year end, there was a credit balance owed to Mr G De Canha of £41,539

At the year end, there was a credit balance owed to Mr S Flower of £82,216

Certain properties were held in trust by the company and all transactions in these properties are not regarded as

related party transactions as it is with third parties.