Trentside Property Co (Burton) Limited - Abbreviated accounts 16.3

Trentside Property Co (Burton) Limited - Abbreviated accounts 16.3

TRENTSIDE PROPERTY CO (BURTON) LIMITED - Company Information

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REGISTERED NUMBER: 01667701 (England and Wales)

























Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

Trentside Property Co (Burton) Limited

Trentside Property Co (Burton) Limited (Registered number: 01667701)






Contents of the Abbreviated Accounts
for the Year Ended 31 October 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 7

Trentside Property Co (Burton) Limited

Company Information
for the Year Ended 31 October 2016







DIRECTORS: R Cooper
D C Cooper
E S Cooper
I R Cooper





SECRETARY: Mrs R A Cooper





REGISTERED OFFICE: Northside House
Northside Business Park
Hawkins Lane
Burton upon Trent
Staffordshire
DE14 1DB





REGISTERED NUMBER: 01667701 (England and Wales)





ACCOUNTANTS: HSKS Greenhalgh
21 Eastgate Business Centre
Eastern Avenue
Burton upon Trent
Staffordshire
DE13 0AT
Page 1
Trentside Property Co (Burton) Limited (Registered number: 01667701)

Abbreviated Balance Sheet
31 October 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 76,778 77,442
Investment property 3 2,715,654 2,715,654
2,792,432 2,793,096

CURRENT ASSETS
Debtors 79,708 186,721
Cash at bank 109,884 24,812
189,592 211,533
CREDITORS
Amounts falling due within one year 4 236,959 298,827
NET CURRENT LIABILITIES (47,367 ) (87,294 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,745,065
2,705,802

CREDITORS
Amounts falling due after more than one
year
4
1,334,871
1,439,062
NET ASSETS 1,410,194 1,266,740

CAPITAL AND RESERVES
Called up share capital 5 500 500
Revaluation reserve 539,271 539,271
Profit and loss account 870,423 726,969
SHAREHOLDERS' FUNDS 1,410,194 1,266,740

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 notes form part of these abbreviated accounts

Page 2 continued...
Trentside Property Co (Burton) Limited (Registered number: 01667701)

Abbreviated Balance Sheet - continued
31 October 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 5 July 2017 and were signed on its
behalf by:





I R Cooper - Director


The notes form part of these abbreviated accounts

Page 3
Trentside Property Co (Burton) Limited (Registered number: 01667701)

Notes to the Abbreviated Accounts
for the Year Ended 31 October 2016

1. ACCOUNTING POLICIES

Going concern
The company's balance sheet details net current liabilities of £47,367 (2015: £87,294). The company is
therefore dependent on the continued support of its creditors and directors.

In the opinion of the directors, the company will have adequate cash resources available to finance its
activities and other obligations during the course of the twelve months from the balance sheet date. It
is on this basis that the directors consider it appropriate to prepare the financial statements on a going
concern basis.

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller
Entities (effective January 2015).

Turnover
Turnover represents rents receivable, excluding Value Added Tax.

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 - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Investment property
Investment properties are initially recorded at cost including incidental costs in bringing the property
into ownership. Investment properties are reviewed each year by the director and stated at open
market value. Any aggregate surplus or deficit arising from changes in market value is transferred to a
revaluation reserve.

No provision is made for depreciation of investment properties. This departure from the requirements
of the Companies Act 2006 which require all properties to be depreciated is, in the opinion of the
directors, necessary for the financial statements to show a true and fair view in accordance with
applicable accounting standards.

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

Page 4 continued...
Trentside Property Co (Burton) Limited (Registered number: 01667701)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 October 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015 139,548
Additions 1,085
At 31 October 2016 140,633
DEPRECIATION
At 1 November 2015 62,106
Charge for year 1,749
At 31 October 2016 63,855
NET BOOK VALUE
At 31 October 2016 76,778
At 31 October 2015 77,442

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 November 2015
and 31 October 2016 2,715,654
NET BOOK VALUE
At 31 October 2016 2,715,654
At 31 October 2015 2,715,654

4. CREDITORS

Creditors include an amount of £ 427,389 (2015 - £ 457,604 ) for which security has been given.

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

2016 2015
£    £   
Repayable by instalments 159,013 237,014

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
500 'Deferred' £1 500 500

The 'Deferred' shares are the only class of shares in issue and have full dividend and voting rights.

Page 5 continued...
Trentside Property Co (Burton) Limited (Registered number: 01667701)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 October 2016

6. ULTIMATE PARENT COMPANY

The ultimate parent company is Cooper Holdings (Tamworth and Burton) Limited, a company
incorporated in England and Wales. The registered office address is 7 Faraday Court, First Avenue,
Burton upon Trent, Staffordshire DE14 2WX.

Copies of the group accounts for Cooper Holdings (Tamworth and Burton) Limited are available from
Companies House. This is the only group that the company is consolidated into for the year.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

R Cooper, a director, held a loan account with the company during the year. As at the balance sheet
date £19,375 (2015: £17,500) was owed to R Cooper by the company.

D C Cooper, a director, held a loan account with the company during the year. As at the balance sheet
date £2,383 (2015: £2,153) was owed to D C Cooper by the company.

E S Cooper, a director, held a loan account with the company during the year. As at the balance sheet
date £2,383 (2015: £2,153) was owed to E S Cooper by the company.

I R Cooper, a director, held a loan account with the company during the year. As at the balance sheet
date £2,390 (2015: £2,158) was owed to I R Cooper by the company.

Page 6
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Trentside Property Co (Burton) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on
pages two to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval
the financial statements of Trentside Property Co (Burton) Limited for the year ended 31 October 2016 which
comprise the Profit and Loss Account, the 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Trentside Property Co (Burton) Limited, as a body, in accordance with the terms of our engagement letter dated 4 July 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Trentside Property Co (Burton) Limited and state those matters that we have agreed to state to the Board of Directors of Trentside Property Co (Burton) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trentside Property Co (Burton) Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Trentside Property Co (Burton) 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 profit of Trentside Property Co (Burton) Limited. You consider that Trentside Property Co (Burton) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Trentside Property Co (Burton) 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.






HSKS Greenhalgh
21 Eastgate Business Centre
Eastern Avenue
Burton upon Trent
Staffordshire
DE13 0AT


12 July 2017

This page does not form part of the abbreviated accounts

Page 7