Black Rock Property Company Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04587813

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

BLACK ROCK PROPERTY COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P J Marsh MRICS

Mrs R S Marsh

SECRETARY:

P J Marsh MRICS

REGISTERED OFFICE:

39 Windsor End

Old Town

Beaconsfield

Buckinghamshire

HP9 2JN

REGISTERED NUMBER:

04587813

ACCOUNTANTS:

N S Lucas & Co

The Courtyard

80 High Street

Old Amersham

Buckinghamshire

HP7 0DS

FIXED ASSETS

Tangible assets

2

471,751

471,995

CURRENT ASSETS

Debtors

40,853

45,900

Cash at bank

34,153

13,184

75,006

59,084

CREDITORS

Amounts falling due within one year

3

72,825

65,067

NET CURRENT ASSETS/(LIABILITIES)

2,181

(5,983

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

473,932

466,012

CREDITORS

Amounts falling due after more than one
year

3

267,815

293,025

NET ASSETS

206,117

172,987

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

206,115

172,985

SHAREHOLDERS' FUNDS

206,117

172,987

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 1 June 2017 and were signed on its behalf by:

P J Marsh MRICS - Director

Mrs R S Marsh - 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 comprises gross 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.

Furniture & Equipment

-

25% on reducing balance

Freehold investment property has been stated at open market value and has been valued by the directors. No

depreciation has been provided in the financial statements in accordance with Statement of Standard Accounting

Practice No 19.

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 December 2015

and 30 November 2016

474,118

DEPRECIATION

At 1 December 2015

2,123

Charge for year

244

At 30 November 2016

2,367

NET BOOK VALUE

At 30 November 2016

471,751

At 30 November 2015

471,995

3.

CREDITORS

Creditors include an amount of £ 292,815 (2015 - £ 318,025 ) for which security has been given.

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

2016

2015

£

Repayable by instalments

167,815

193,025

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2