Centeredge Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07654272 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

CENTEREDGE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M Lorincz

SECRETARY:

Mrs R Lorincz

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

07654272 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

2

1,429,020

1,400,000

CURRENT ASSETS

Debtors

3,450

3,180

Cash at bank

31,183

31,237

34,633

34,417

CREDITORS

Amounts falling due within one year

393,078

378,606

NET CURRENT LIABILITIES

(358,445

)

(344,189

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,070,575

1,055,811

CREDITORS

Amounts falling due after more than one
year

3

436,789

443,768

NET ASSETS

633,786

612,043

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

586,204

Profit and loss account

47,482

25,739

SHAREHOLDERS' FUNDS

633,786

612,043

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 31 March 2017 and were signed by:

M Lorincz - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net rent receivable, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 July 2015

1,400,000

Additions

29,020

At 30 June 2016

1,429,020

NET BOOK VALUE

At 30 June 2016

1,429,020

At 30 June 2015

1,400,000

3.

CREDITORS

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

30.6.16

30.6.15

£

Repayable otherwise than by instalments

375,241

378,622

Repayable by instalments

61,548

65,146

436,789

443,768

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

100

Ordinary

£1

100