| Ives Street Developments Four Limited |
| Registered number: |
07662561 |
| Balance Sheet |
| as at 31 December 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
2,019,004 |
|
|
2,019,004 |
|
| Current assets |
| Debtors |
5 |
|
33,285 |
|
|
33,038 |
| Cash at bank and in hand |
|
|
38,899 |
|
|
41,346 |
|
|
|
72,184 |
|
|
74,384 |
|
| Creditors: amounts falling due within one year |
6 |
|
(154,466) |
|
|
(198,012) |
|
| Net current liabilities |
|
|
|
(82,282) |
|
|
(123,628) |
|
| Total assets less current liabilities |
|
|
|
1,936,722 |
|
|
1,895,376 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(1,720,000) |
|
|
(1,720,000) |
|
|
| Net assets |
|
|
|
216,722 |
|
|
175,376 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
8 |
|
|
4 |
|
|
4 |
| Profit and loss account |
9 |
|
|
216,718 |
|
|
175,372 |
|
| Shareholders' funds |
|
|
|
216,722 |
|
|
175,376 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| J A Smith |
| Director |
| Approved by the board on 12 September 2017 |
|
| Ives Street Developments Four Limited |
| Notes to the Accounts |
| for the year ended 31 December 2016 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents rental income from the investment properties and originates wholly from the United Kingdom. |
|
|
Depreciation |
|
No depreciation has been provided on land and buildings which are not held for consumption but for their investment potential. |
|
|
| 2 |
Interest payable |
2016 |
|
2015 |
| £ |
£ |
|
|
Interest payable |
65,542 |
|
80,273 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Taxation |
2016 |
|
2015 |
| £ |
£ |
|
|
UK corporation tax |
10,336 |
|
9,546 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 January 2016 |
2,019,004 |
|
At 31 December 2016 |
2,019,004 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 December 2016 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2016 |
2,019,004 |
|
At 31 December 2015 |
2,019,004 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2016 |
|
2015 |
| £ |
£ |
|
|
Prepayments & accrued income |
3,100 |
|
3,860 |
|
Amounts owed from related parties |
|
30,181 |
|
29,174 |
|
Other debtors |
4 |
|
4 |
|
|
|
|
|
|
33,285 |
|
33,038 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2016 |
|
2015 |
| £ |
£ |
|
|
Accruals & deferred income |
10,909 |
|
17,105 |
|
Trade creditors |
- |
|
15,000 |
|
Amounts owed to related parties |
|
130,114 |
|
150,012 |
|
Corporation tax |
10,336 |
|
9,546 |
|
Other taxes |
3,107 |
|
6,349 |
|
|
|
|
|
|
154,466 |
|
198,012 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2016 |
|
2015 |
| £ |
£ |
|
|
Bank loans |
1,720,000 |
|
1,720,000 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
4 |
|
4 |
|
4 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Profit and loss account |
2016 |
| £ |
|
|
At 1 January 2016 |
175,372 |
|
Profit for the year |
41,346 |
|
|
At 31 December 2016 |
216,718 |
|
|
|
|
|
|
|
|
| 10 |
Transactions with directors |
|
|
There have been no transactions with the director requiring disclosure. |
|
|
| 11 |
Transactions with related parties |
|
|
There have been no transactions with related parties requiring disclosure. |
|
|
| 12 |
Other information |
|
|
Ives Street Developments Four Limited is a private company limited by shares and registered in England and Wales. Its registered office is: |
|
25 Ives Street |
|
London |
|
SW3 2ND |
|
|
C R Moore resigned as a director on 31 December 2016 and N J Price was appointed as a director on 1 January 2017 |
