Conti Properties Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 09761023 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

3RD SEPTEMBER 2015 TO 31ST DECEMBER 2016

FOR

CONTI PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

5

DIRECTOR:

Ms M J Conti

REGISTERED OFFICE:

44 Egremont Place

Brighton

East Sussex

BN2 0GB

REGISTERED NUMBER:

09761023 (England and Wales)

ACCOUNTANTS:

JS&CO LLP

3rd Floor, Hanover House

118 Queens Road

Brighton

East Sussex

BN1 3XG

FIXED ASSETS

Investment property

3

259,333

CURRENT ASSETS

Debtors

4

2

Cash at bank

48,752

48,754

CREDITORS

Amounts falling due within one year

5

(252,388

)

NET CURRENT LIABILITIES

(203,634

)

TOTAL ASSETS LESS CURRENT LIABILITIES

55,699

CREDITORS

Amounts falling due after more than one year

6

(57,716

)

NET LIABILITIES

(2,017

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(2,019

)

(2,017

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

The financial statements were approved by the director on 2nd June 2017 and were signed by:

Ms M J Conti - Director

1.	STATUTORY INFORMATION

Conti Properties 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Investment property

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

fair value is recognised in profit or loss.

Loans from shareholders and directors

The company has adopted FRED 67 early, such that it has accounted for loans from Shareholders and Directors

at transaction price rather than present value.

3.	INVESTMENT PROPERTY

The Director determined that the fair value of investment property was equal to cost at the year end, therefore no

revaluation was required.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

2

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

252,388

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

57,716

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

57,716

7.	RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £78,469 remained owing by the company to D M Rogers, a 50%

shareholder.

8.	ULTIMATE CONTROLLING PARTY

The company is under the control of the director by virtue of her shareholding.

9.	GOING CONCERN

The director has received assurances from the company's creditors that they will not seek repayment of the

amounts due for the foreseeable future. It has therefore been deemed appropriate to prepare the accounts on the

going concern basis.

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Conti Properties Limited for the period ended 31st December 2016 which comprise the Income

Statement, Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Conti Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Conti Properties Limited and state those matters that we have agreed to state to the director of Conti Properties Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Conti Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Conti Properties Limited. You consider that Conti Properties Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Conti Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

JS&CO LLP

3rd Floor, Hanover House

118 Queens Road

Brighton

East Sussex

BN1 3XG

2nd June 2017