Coastwalk Properties Limited - Abbreviated accounts 16.3

Coastwalk Properties Limited - Abbreviated accounts 16.3

COASTWALK PROPERTIES LIMITED - Company Information

Print Friendly Version

02823954 1.7.15 30.6.16 30.6.16 Company accounts Private Limited Company FY true false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure028239542015-06-30028239542016-06-30028239542015-07-012016-06-30028239542014-06-30028239542014-07-012015-06-30028239542015-06-3002823954ns12:England2015-07-012016-06-3002823954ns14:PoundSterling2015-07-012016-06-3002823954ns7:Director12015-07-012016-06-3002823954ns7:OrdinaryShareClass12015-07-012016-06-3002823954ns5:FixturesFittings2015-07-012016-06-3002823954ns5:InvestmentProperties2015-06-3002823954ns5:InvestmentProperties2016-06-3002823954ns5:InvestmentProperties2015-06-3002823954ns7:OrdinaryShareClass12016-06-3002823954ns7:OrdinaryShareClass12015-06-30
REGISTERED NUMBER: 02823954 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

COASTWALK PROPERTIES LIMITED

COASTWALK PROPERTIES LIMITED (REGISTERED NUMBER: 02823954)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

COASTWALK PROPERTIES LIMITED (REGISTERED NUMBER: 02823954)

ABBREVIATED BALANCE SHEET
30 JUNE 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 354 472
Investment property 3 500,000 500,000
500,354 500,472

CURRENT ASSETS
Debtors 3,625 7,195

CREDITORS
Amounts falling due within one year 4 209,490 182,629
NET CURRENT LIABILITIES (205,865 ) (175,434 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
294,489
325,038

CREDITORS
Amounts falling due after more than one
year
4
31,732
47,149
NET ASSETS 262,757 277,889

CAPITAL AND RESERVES
Called up share capital 5 900 900
Revaluation reserve 181,624 181,624
Profit and loss account 80,233 95,365
SHAREHOLDERS' FUNDS 262,757 277,889

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 notes form part of these abbreviated accounts

Page 1 continued...
COASTWALK PROPERTIES LIMITED (REGISTERED NUMBER: 02823954)

ABBREVIATED BALANCE SHEET - continued
30 JUNE 2016


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 21 April 2017 and were signed on its behalf by:





A J Ford - Director


The notes form part of these abbreviated accounts

Page 2
COASTWALK PROPERTIES LIMITED (REGISTERED NUMBER: 02823954)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016


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).

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

Fixtures and fittings - 25% on reducing balance

Investment property
Investment properties are shown at their open market value, the surplus or deficit arising from the annual
valuation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual
property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no
depreciation is provided in respect of freehold properties held as investments. This is a departure from the
requirements of the Companies Act 2006 which require all properties to be depreciated. Such properties are
held for investment and not for consumption and the director considers that to depreciate them would not give
a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of
properties and accordingly the amount of depreciation which might otherwise have been charged cannot be
separately identified or quantified. The director considers that this policy results in the financial statements
giving a true and fair view.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015
and 30 June 2016 11,964
DEPRECIATION
At 1 July 2015 11,492
Charge for year 118
At 30 June 2016 11,610
NET BOOK VALUE
At 30 June 2016 354
At 30 June 2015 472

Page 3 continued...
COASTWALK PROPERTIES LIMITED (REGISTERED NUMBER: 02823954)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2016


3. INVESTMENT PROPERTY
Total
£   
COST
At 1 July 2015
and 30 June 2016 500,000
NET BOOK VALUE
At 30 June 2016 500,000
At 30 June 2015 500,000

4. CREDITORS

Creditors include an amount of £ 47,150 (2015 - £ 62,000 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
900 Ordinary £1 900 900

Page 4