Stockrule Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03137674 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 AUGUST 2015 TO 30 JULY 2016

FOR

STOCKRULE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P M Noe

SECRETARY:

Mrs S Noe

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

03137674 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

2

967,382

CURRENT ASSETS

Debtors

738,187

783,567

CREDITORS

Amounts falling due within one year

132,073

131,657

NET CURRENT ASSETS

606,114

651,910

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,573,496

1,619,292

CREDITORS

Amounts falling due after more than one
year

3

446,784

467,854

NET ASSETS

1,126,712

1,151,438

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

1,126,710

1,151,436

SHAREHOLDERS' FUNDS

1,126,712

1,151,438

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 27 April 2017 and were signed by:

P M Noe - 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 represents net rent receivable, excluding value added tax.

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.

Deferred tax

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

sheet date.

Investment properties

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.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 August 2015

and 30 July 2016

967,382

NET BOOK VALUE

At 30 July 2016

967,382

At 31 July 2015

967,382

3.

CREDITORS

Creditors include an amount of £ 446,784 (31.7.15 - £ 467,854 ) for which security has been given.

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

30.7.16

31.7.15

£

Repayable by instalments

446,784

467,854

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.7.16

31.7.15

value:

£

2

Ordinary

£1

2

5.	CHARGE ON ASSETS

The bank loan is secured by a first charge over the company's freehold properties.