3 Montpelier Terrace Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04307373 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 October 2016

for

3 Montpelier Terrace Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M C Ashton

M Betzer

J Langlands

A Zimmerman

J Shaddock

REGISTERED OFFICE:

Mark Ashton,

21 Brangwyn Drive,

Brighton

BN1 8XB

REGISTERED NUMBER:

04307373 (England and Wales)

ACCOUNTANT:

Will Taylor Limited

4th Floor

International House

Queens Road

Brighton

East Sussex

BN1 3XE

FIXED ASSETS

Tangible assets

2

14,723

14,723

CURRENT ASSETS

Debtors

589

600

Cash at bank

210

511

799

1,111

CREDITORS

Amounts falling due within one year

982

660

NET CURRENT (LIABILITIES)/ASSETS

(183

)

451

TOTAL ASSETS LESS CURRENT LIABILITIES

14,540

15,174

CAPITAL AND RESERVES

Called up share capital

3

5

5

Share premium

14,723

14,723

Profit and loss account

(188

)

446

SHAREHOLDERS' FUNDS

14,540

15,174

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 3 July 2017 and were signed on its behalf by:

J Langlands - Director

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 represents the income receivable from lessees in respect of service charges for the property.

Tangible fixed assets

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

Freehold property

-

not provided

Fixtures and fittings

-

15% on reducing balance

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.

Taxation

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted

or substantively enacted by the balance sheet date.

Deferred taxation is accounted for at expected tax rates on all differences arising from the inclusion of items of income and

expenditure in taxation computations in periods different from those in which they are included in the financial statements.

A deferred tax asset is only recognised when it is more likely than not that the asset will be recoverable in the foreseeable

future out of suitable taxable profits from which the underlying timing differences can be deducted.

Going concern note

Total liabilities exceed current assets at the balance sheet date. The directors consider, however that the company has

sufficient liquid assets, to meet its liabilities as and when they fall due, and that the company has sufficient support from its

creditors. Accordingly the director considers that it is appropriate to prepare the accounts on a going concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

14,983

DEPRECIATION

At 1 November 2015

and 31 October 2016

260

NET BOOK VALUE

At 31 October 2016

14,723

At 31 October 2015

14,723

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

5

Ordinary

£1

5

5