Northern Ground Rent Trust Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: NI006262 (Northern Ireland)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Northern Ground Rent Trust Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D K Desai

Dr N K Desai

SECRETARY:

M K Desai

REGISTERED OFFICE:

29-31, Montgomery Street

BELFAST

BT1 4NX

REGISTERED NUMBER:

NI006262 (Northern Ireland)

FIXED ASSETS

Tangible assets

2

29,521

CURRENT ASSETS

Debtors

14,587

13,273

Cash at bank

2,365

5,904

16,952

19,177

CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6,377

4,769

NET CURRENT ASSETS

10,575

14,408

TOTAL ASSETS LESS CURRENT
LIABILITIES

40,096

43,929

CAPITAL AND RESERVES

Called up share capital

3

7,550

Profit and loss account

32,546

36,379

SHAREHOLDERS' FUNDS

40,096

43,929

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:

D K Desai - 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 Ground rents receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

29,521

NET BOOK VALUE

At 30 June 2016

29,521

At 30 June 2015

29,521

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

7,550

Ordinary shares

1

7,550

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mrs D.K. Desai, a director of the company has a current account balance of £250 on which no interest is

charged by the director.

5.	ULTIMATE CONTROLLING PARTY

Mr M. K. Desai and Mrs A M Desai owns 50% each of the ordinary share capital of the company as at 30 June

2016.