Daleview Properties Limited - Accounts to registrar - small 17.2

Daleview Properties Limited - Accounts to registrar - small 17.2

DALEVIEW PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 04951869 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

DALEVIEW PROPERTIES LIMITED

DALEVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 04951869)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DALEVIEW PROPERTIES LIMITED

COMPANY INFORMATION
for the year ended 31 March 2017







DIRECTOR: Mr D J Wright





REGISTERED OFFICE: 17 St Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 04951869 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
Chartered Accountants
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB
Page 1
DALEVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 04951869)

ABRIDGED BALANCE SHEET
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investments 4 50 50
Investment property 5 880,000 880,000
880,050 880,050

CURRENT ASSETS
Debtors 168,322 143,099
Cash at bank 23,847 21,768
192,169 164,867
CREDITORS
Amounts falling due within one year 63,069 5,373
NET CURRENT ASSETS 129,100 159,494
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,009,150
1,039,544

PROVISIONS FOR LIABILITIES 22,737 26,907
NET ASSETS 986,413 1,012,637

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 6 339,308 339,308
Retained earnings 647,104 673,328
SHAREHOLDERS' FUNDS 986,413 1,012,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 notes form part of these financial statements

Page 2 continued...
DALEVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 04951869)

ABRIDGED BALANCE SHEET - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 11 December 2017 and were signed by:





Mr D J Wright - Director


The notes form part of these financial statements

Page 3
DALEVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 04951869)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2017

1. STATUTORY INFORMATION

Daleview Properties Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of rental income due for the period.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

No depreciation is provided on investment properties which is a departure from the requirements of the
Companies Act 2006. In the opinion of the directors these properties are held primarily for their investment
potential and so their current value is of more significance than any measure of consumption and to depreciate
them would not give a true and fair view.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

Page 4 continued...
DALEVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 04951869)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2017

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2016
and 31 March 2017 50
NET BOOK VALUE
At 31 March 2017 50
At 31 March 2016 50

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016
and 31 March 2017 880,000
NET BOOK VALUE
At 31 March 2017 880,000
At 31 March 2016 880,000

Cost or valuation at 31 March 2017 is represented by:

£   
Valuation in 2017 880,000

If investment property had not been revalued it would have been included at the following historical cost:

2017 2016
£    £   
Cost 540,692 540,692

Investment property was valued on an open market basis on 31 March 2017 by the director .

6. RESERVES
Fair
value
reserve
£   
At 1 April 2016
and 31 March 2017 339,308

Page 5 continued...
DALEVIEW PROPERTIES LIMITED (REGISTERED NUMBER: 04951869)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2017

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and
31 March 2016:

2017 2016
£    £   
Mr D J Wright
Balance outstanding at start of year 4,777 -
Amounts advanced - 16,224
Amounts repaid (4,777 ) (11,447 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,777

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £66,800 were paid to the director .

Page 6