Nynd Properties Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07816189 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

NYND PROPERTIES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S E Jeffs

J A Nind

SECRETARY:

S E Jeffs

REGISTERED OFFICE:

7 The Meadows

Portsmouth Road

Guildford

Surrey

GU2 4DT

REGISTERED NUMBER:

07816189 (England and Wales)

ACCOUNTANTS:

Traviss & Co

Chartered Accountants

Newtown House

38 Newtown Road

Liphook

Hampshire

GU30 7DX

FIXED ASSETS

Tangible assets

2

128

183

CURRENT ASSETS

Stocks

1,136,384

789,789

Cash at bank

3,187

18,748

1,139,571

808,537

CREDITORS

Amounts falling due within one year

11,241

721

NET CURRENT ASSETS

1,128,330

807,816

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,128,458

807,999

CREDITORS

Amounts falling due after more than one
year

3

1,082,862

755,349

NET ASSETS

45,596

52,650

CAPITAL AND RESERVES

Called up share capital

4

6

Profit and loss account

45,590

52,644

SHAREHOLDERS' FUNDS

45,596

52,650

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 11 July 2017 and were signed on its behalf by:

J A Nind - 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).

Tangible fixed assets

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

Plant and machinery etc

-

30% on reducing balance

Work in progress

The carrying value of work in progress is the lower of cost or net realisable value on developments owned. Cost

includes all construction and related costs, legal and professional, bank, finance fees, site inspections and loan

interest.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

535

DEPRECIATION

At 1 November 2015

352

Charge for year

55

At 31 October 2016

407

NET BOOK VALUE

At 31 October 2016

128

At 31 October 2015

183

3.

CREDITORS

Creditors include an amount of £ 590,452 (2015 - £ 312,939 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

624

Ordinary

0.01

6