UK One Property and Development Ltd - Abbreviated accounts 16.3

UK ONE PROPERTY AND DEVELOPMENT LTD

Abbreviated Unaudited Accounts

For The Year Ended 31 October 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Dr P Pang

H M Pang

REGISTERED OFFICE:

107A Southchurch Road

Southend on Sea

Essex

SS1 2NL

REGISTERED NUMBER:

09286805 (England and Wales)

FIXED ASSETS

Tangible assets

2

240,000

CURRENT ASSETS

Cash at bank

15,907

2,152

CREDITORS

Amounts falling due within one year

160,940

157,422

NET CURRENT LIABILITIES

(145,033

)

(155,270

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

94,967

84,730

PROVISIONS FOR LIABILITIES

15,230

17,917

NET ASSETS

79,737

66,813

CAPITAL AND RESERVES

Called up share capital

3

100

Revaluation reserve

89,585

Profit and loss account

(9,948

)

(22,872

)

SHAREHOLDERS' FUNDS

79,737

66,813

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 5 July 2017 and were signed on its behalf by:

H M Pang - Director

Dr P Pang - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

In the opinion of the directors, it remains appropriate to continue to adopt the going concern basis of accounting.

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 net rents received.

Tangible fixed assets

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

Land and buildings

-

not provided

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 OR VALUATION

At 1 November 2015

and 31 October 2016

240,000

NET BOOK VALUE

At 31 October 2016

240,000

At 31 October 2015

240,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100