Initram Management Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04096864 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

INITRAM MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Nadia Lina Bahie Martini

REGISTERED OFFICE:

12 Borelli Yard

Farnham

Surrey

GU9 7NU

REGISTERED NUMBER:

04096864 (England and Wales)

ACCOUNTANTS:

Hawkins Scott

Chartered Accountants

12 Borelli Yard

Farnham

Surrey

GU9 7NU

FIXED ASSETS

Tangible assets

2

1,066

-

Investment property

3

751,405

-

752,471

-

CURRENT ASSETS

Debtors

1,154

-

Cash at bank

33,613

86,645

34,767

86,645

CREDITORS

Amounts falling due within one year

23,071

88,867

NET CURRENT ASSETS/(LIABILITIES)

11,696

(2,222

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

764,167

(2,222

)

CREDITORS

Amounts falling due after more than one
year

761,137

-

NET ASSETS/(LIABILITIES)

3,030

(2,222

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

2,930

(2,322

)

SHAREHOLDERS' FUNDS

3,030

(2,222

)

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 director acknowledges her 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 director on 13 July 2017 and were signed by:

Nadia Lina Bahie Martini - Director

1.	ACCOUNTING POLICIES

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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents amounts receivable from rents, service charges and management charges.

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

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

806

Additions

1,599

Disposals

(806

)

At 31 October 2016

1,599

DEPRECIATION

At 1 November 2015

806

Charge for year

533

Eliminated on disposal

(806

)

At 31 October 2016

533

NET BOOK VALUE

At 31 October 2016

1,066

At 31 October 2015

-

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

Additions

751,405

At 31 October 2016

751,405

NET BOOK VALUE

At 31 October 2016

751,405

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

100

Ordinary

£1

100