The Two Necks Property Company Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07299111 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2014

for

The Two Necks Property Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P M Sharp

R J Colclough

D Myers

J L Keates

REGISTERED OFFICE:

The Swan with Two Necks

Nantwich Road

Blackbrook

Newcastle under Lyme

ST5 5EH

REGISTERED NUMBER:

07299111 (England and Wales)

FIXED ASSETS

Tangible assets

2

1,251,848

1,269,140

CURRENT ASSETS

Cash at bank

30,227

29,509

CREDITORS

Amounts falling due within one year

3

287,577

248,176

NET CURRENT LIABILITIES

(257,350

)

(218,667

)

TOTAL ASSETS LESS CURRENT LIABILITIES

994,498

1,050,473

CREDITORS

Amounts falling due after more than one year

3

(872,573

)

(955,907

)

PROVISIONS FOR LIABILITIES

(6,200

)

(6,700

)

NET ASSETS

115,725

87,866

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

115,724

87,865

SHAREHOLDERS' FUNDS

115,725

87,866

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 13 October 2014 and were signed on its behalf by:

R J Colclough - Director

P M Sharp - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the directors consider appropriate having regard to the

company's current and expected performance.

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 April 2008).

Tangible fixed assets

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

Land and buildings

-

2% on cost

Fixtures and fittings

-

2% on cost

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 August 2013

and 31 July 2014

1,319,573

DEPRECIATION

At 1 August 2013

50,433

Charge for year

17,292

At 31 July 2014

67,725

NET BOOK VALUE

At 31 July 2014

1,251,848

At 31 July 2013

1,269,140

3.

CREDITORS

Creditors include an amount of £ 955,906 (2013 - £ 1,039,240 ) for which security has been given.

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

2014

2013

£

£

Repayable by instalments

539,240

622,574

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

5.	ULTIMATE PARENT COMPANY