DENSTAR LIMITED - Abbreviated accounts 16.3

DENSTAR LIMITED - Abbreviated accounts 16.3

DENSTAR LIMITED - Company Information

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REGISTERED NUMBER: 03083559 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

DENSTAR LIMITED

DENSTAR LIMITED (REGISTERED NUMBER: 03083559)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

DENSTAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2016







DIRECTORS: S Noe
Mrs E Noe
BMO Real Estate Partners Ltd





SECRETARY: Mrs E Noe





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 03083559 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
London
N15 6BL
Page 1
DENSTAR LIMITED (REGISTERED NUMBER: 03083559)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2016

31.10.16 31.10.15
Notes £    £    £    £   
FIXED ASSETS
Investment property 2 67,627,928 67,627,928

CURRENT ASSETS
Debtors 4,541,124 4,643,082
Cash at bank 24,977 24,763
4,566,101 4,667,845
CREDITORS
Amounts falling due within one year 5,655,774 5,587,447
NET CURRENT LIABILITIES (1,089,673 ) (919,602 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
66,538,255
66,708,326

CREDITORS
Amounts falling due after more than one
year
3
51,722,611
52,430,685
NET ASSETS 14,815,644 14,277,641

CAPITAL AND RESERVES
Called up share capital 4 5,392,898 5,392,898
Profit and loss account 9,422,746 8,884,743
SHAREHOLDERS' FUNDS 14,815,644 14,277,641

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 27 July 2017 and were signed on its behalf by:



BMO Real Estate Partners Ltd - Director


The notes form part of these abbreviated accounts

Page 2
DENSTAR LIMITED (REGISTERED NUMBER: 03083559)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016

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 represents net rent receivable, excluding value added tax.

Investment property
In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or
amortisation is provided in respect of freehold investment properties nor on leasehold investment properties
having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act
2006, for all properties to be depreciated, is necessary, as the director considers that this accounting policy
results in the financial statements giving true and fair view.

Investment properties
Investment Properties are included in the Balance Sheet at historical cost, which is not in accordance with
Financial Reporting Standard for Smaller Entities, which requires such properties to be stated at current market
value.

2. INVESTMENT PROPERTY
Total
£   
COST
At 1 November 2015
and 31 October 2016 67,627,928
NET BOOK VALUE
At 31 October 2016 67,627,928
At 31 October 2015 67,627,928

3. CREDITORS

Creditors include an amount of £ 47,416,361 (31.10.15 - £ 48,024,435 ) for which security has been given.

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

31.10.16 31.10.15
£    £   
Repayable otherwise than by instalments 4,941,250 5,041,250

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.16 31.10.15
value: £    £   
100 Ordinary £1 100 100
5,392,798 Zero coupon Preference £1 5,392,798 5,392,798
5,392,898 5,392,898

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