MACAVITY_PROPERTIES_LIMIT - Accounts

MACAVITY PROPERTIES LIMITED - Company Information

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Company Registration No. 04276497 (England and Wales)

MACAVITY PROPERTIES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 23 DECEMBER 2016

MACAVITY PROPERTIES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

MACAVITY PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

23 DECEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

580,000

Investments

580,099

Current assets

Debtors

1,893

Cash at bank and in hand

50,758

40,344

52,651

40,344

Creditors: amounts falling due within one year

(53,781)

(48,746)

Net current liabilities

(1,130)

(8,402)

Total assets less current liabilities

578,969

571,697

Creditors: amounts falling due after more than one year

(122,781)

(147,093)

456,188

424,604

Capital and reserves

Called up share capital

198

Revaluation reserve

32,605

Profit and loss account

423,385

391,801

Shareholders' funds

456,188

424,604

MACAVITY PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

23 DECEMBER 2016

- 2 -

For the financial year ended 23 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 4 September 2017

J. Padley

Director

Company Registration No. 04276497

MACAVITY PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 23 DECEMBER 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for rents and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 24 December 2015 & at 23 December 2016

580,000

580,099

At 23 December 2015

580,000

580,099

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Macavity Properties (2003) Limited

England

Ordinary

100.00

MACAVITY PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 23 DECEMBER 2016

Fixed assets

(Continued)

- 4 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Macavity Properties (2003) Limited

Dormant

6,785

Share capital

2016

2015

Allotted, called up and fully paid

198 Ordinary of £1 each

198