Signal House Properties Limited - Period Ending 2014-04-30

Registration number: 06645333

Signal House Properties Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2014
 

Signal House Properties Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Signal House Properties Limited
(Registration number: 06645333)
Abbreviated Balance Sheet at 30 April 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			343,740			352,390
Current assets
Cash at bank and in hand					2,395			247
Creditors: Amounts falling due within one year		3			(308,652)			(300,828)
Net current liabilities					(306,257)			(300,581)
Total assets less current liabilities					37,483			51,809
Creditors: Amounts falling due after more than one year		3			(124,927)			(225,679)
Net liabilities					(87,444)			(173,870)
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					(87,544)			(173,970)
Shareholders' deficit					(87,444)			(173,870)

For the year ending 30 April 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 October 2014 and signed on its behalf by:

.........................................
P Roberts
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Signal House Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on the continued support of the bank, directors and related company not requiring the withdrawal of the monies owed until sufficient funds are available.

Depreciation

Tangible fixed assets are initially recorded at cost. Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance
Freehold buildings	Straight line over 50 years
Freehold land	is not depreciated

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilites denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2013		410,877			410,877
At 30 April 2014		410,877			410,877
Depreciation
At 1 May 2013		58,487			58,487
Charge for the year		8,650			8,650
At 30 April 2014		67,137			67,137
Net book value
At 30 April 2014		343,740			343,740
At 30 April 2013		352,390			352,390

Page 2

Signal House Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2014 £			2013 £
Amounts falling due within one year		20,181			18,226
Amounts falling due after more than one year		72,880			98,058
Total secured creditors		93,061			116,284

Included in the creditors are the following amounts due after more than five years:

		2014 £			2013 £
After more than five years by instalments		-			25,154

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

5	Related party transactions

Directors' advances and credits

	2014 £		2013 £
P Roberts
	52,047		127,620
J A Leafe
	1,669		1,669

Page 3