ACCOUNTS - Final Accounts

SYCAMORE SANDPITS DEVELOPMENTS LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2016-12-312016-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2016-01-01 01252226 2016-01-01 2016-12-31 01252226 2015-01-01 2015-12-31 01252226 2016-12-31 01252226 2015-12-31 01252226 c:Director3 2016-01-01 2016-12-31 01252226 d:Buildings 2016-12-31 01252226 d:Buildings 2015-12-31 01252226 d:Buildings d:OwnedOrFreeholdAssets 2016-01-01 2016-12-31 01252226 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2015-12-31 01252226 d:CurrentFinancialInstruments 2016-12-31 01252226 d:CurrentFinancialInstruments 2015-12-31 01252226 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 01252226 d:CurrentFinancialInstruments d:WithinOneYear 2015-12-31 01252226 d:ShareCapital 2016-12-31 01252226 d:ShareCapital 2015-12-31 01252226 d:RetainedEarningsAccumulatedLosses 2016-12-31 01252226 d:RetainedEarningsAccumulatedLosses 2015-12-31 01252226 c:FRS102 2016-01-01 2016-12-31 01252226 c:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 01252226 c:FullAccounts 2016-01-01 2016-12-31 01252226 c:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 iso4217:GBP xbrli:pure

01252226

SYCAMORE SANDPITS DEVELOPMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016


SYCAMORE SANDPITS DEVELOPMENTS LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 6


SYCAMORE SANDPITS DEVELOPMENTS LIMITED REGISTERED NUMBER:01252226

BALANCE SHEET

AS AT 31 DECEMBER 2016

		2016		2015
Note		£		£

Fixed assets
Tangible assets	4		98,752		100,068
Investments	5		-		94,223
			98,752		194,291
Current assets
Debtors: amounts falling due within one year	6	-		3,094
Cash at bank and in hand		94,905		12,373
		94,905		15,467
Creditors: amounts falling due within one year	7	(10,561)		(5,600)
Net current assets			84,344		9,867
Total assets less current liabilities			183,096		204,158

Net assets			183,096		204,158

Page 1


SYCAMORE SANDPITS DEVELOPMENTS LIMITED REGISTERED NUMBER:01252226

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2016

	2016	2015
	£	£

Capital and reserves
Called up share capital	10,000	10,000
Profit and loss account	173,096	194,158
	183,096	204,158

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 September 2017.

M.I. Whitehouse

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2


SYCAMORE SANDPITS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

1.	General information

Sycamore Sandpits Developments Limited (the Company) is a private company, limited by shares, incorporated and domiciled in England. The address of the registered office is Rutland House, 148 Edmund Street, Birmingham, B3 2FD and the principal place of business is 30 Martineau Lane, Hurst, Berkshire, RG10 0SF.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The impact of the transition to section 1A of Financial Reporting Standard 102 is detailed in note 8.

The following principal accounting policies have been applied:

2.2

Revenue

Turnover comprises revenue recognised by the company in respect of rent receivable during the year.

2.3

Investment property

Investment property is carried at cost less depreciation at 1% per annum on a straight line basis.
This is not in accordance with Financial Reporting Standard 102 which states that investment property should be stated at fair value.

2.4

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3


SYCAMORE SANDPITS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

2.Accounting policies (continued)

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.9

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

2.10

Taxation

Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 3 (2015 - 3).

Page 4


SYCAMORE SANDPITS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

4.	Tangible fixed assets

		Freehold investment property
		£
	Cost or valuation
	At 1 January 2016	131,652
	At 31 December 2016	131,652
	Depreciation
	At 1 January 2016	31,584
	Charge for the year on owned assets	1,316
	At 31 December 2016	32,900
	Net book value
	At 31 December 2016	98,752
	At 31 December 2015	100,068

5.	Fixed asset investments

		Listed investments
		£

	At 1 January 2016	94,223
	Additions	11,802
	Disposals	(106,025)


	At 31 December 2016	-
	At 31 December 2015	94,223

Page 5


SYCAMORE SANDPITS DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

Debtors

					2016	2015
					£	£


Other debtors	-	3,094

7.	Creditors: Amounts falling due within one year
		2016	2015
		£	£

Corporation tax	6,661	1,700
Accruals and deferred income	3,900	3,900
	10,561	5,600

Page 6