Northside Properties Limited - Abbreviated accounts 16.3

Northside Properties Limited - Abbreviated accounts 16.3

NORTHSIDE PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 03630385 (England and Wales)







ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

NORTHSIDE PROPERTIES LIMITED

NORTHSIDE PROPERTIES LIMITED (REGISTERED NUMBER: 03630385)

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










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

NORTHSIDE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2016







DIRECTORS: Ms K E Hajiyianni
Ms K Hajiyianni
Mr M Hajiyianni



REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ



REGISTERED NUMBER: 03630385 (England and Wales)



ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ



BANKERS: National Westminster Bank Plc
52 Royal Parade
Plymouth
Page 1
NORTHSIDE PROPERTIES LIMITED (REGISTERED NUMBER: 03630385)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2016

30.9.16 30.9.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,438,138 1,437,714

CURRENT ASSETS
Debtors 18,136 17,493
Cash at bank 453 6,231
18,589 23,724
CREDITORS
Amounts falling due within one year 1,444,530 1,452,377
NET CURRENT LIABILITIES (1,425,941 ) (1,428,653 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
12,197
9,061

CAPITAL AND RESERVES
Called up share capital 3 5 5
Profit and loss account 12,192 9,056
SHAREHOLDERS' FUNDS 12,197 9,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 23 June 2017 and were signed on its behalf by:





Mr M Hajiyianni - Director


The notes form part of these abbreviated accounts

Page 2
NORTHSIDE PROPERTIES LIMITED (REGISTERED NUMBER: 03630385)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 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).

Turnover
Turnover consists of rents received and receivable.

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

Investment properties - not provided
Improvements to property - not provided
Fixtures and fittings - 25% on reducing balance

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

Revaluation of properties
Individual freehold and leasehold properties are revalued every five years with the surplus or deficit on book
value being transferred to the revaluation reserve, unless a deficit (or its reversal) is expected to be permanent, in
which case it is charged (or credited) to the profit and loss account. Where depreciation charges are increased
following revaluation, an amount equal to the increase is transferred annually from the revaluation reserve to the
profit and loss account as a movement on reserves. On disposal of a revalued fixed asset, any related balance in
the revaluation reserve is also transferred to the profit and loss account as a movement on reserves.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 1,446,340
Additions 1,120
At 30 September 2016 1,447,460
DEPRECIATION
At 1 October 2015 8,626
Charge for year 696
At 30 September 2016 9,322
NET BOOK VALUE
At 30 September 2016 1,438,138
At 30 September 2015 1,437,714

Page 3 continued...
NORTHSIDE PROPERTIES LIMITED (REGISTERED NUMBER: 03630385)

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


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.16 30.9.15
value: £    £   
5 Ordinary £1 5 5

4. CONTROL

The directors and members of their close family control the company as a result of controlling directly 100 per
cent of the issued ordinary share capital.

Page 4