Tactical Properties Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02202803 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

TACTICAL PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

E P Noonan

A P B Byrne Noonan

SECRETARY:

E P Noonan

REGISTERED OFFICE:

1 High Street

Thatcham

Berks

RG19 3JG

REGISTERED NUMBER:

02202803 (England and Wales)

ACCOUNTANTS:

C B Heslop And Company Limited

1 High Street

Thatcham

Berks

RG19 3JG

FIXED ASSETS

Tangible assets

2

50

50

CURRENT ASSETS

Debtors

280,022

267,522

Cash at bank

-

2,782

280,022

270,304

CREDITORS

Amounts falling due within one year

5,048,892

5,036,226

NET CURRENT LIABILITIES

(4,768,870

)

(4,765,922

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,768,820

)

(4,765,872

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Share premium account

2,270,402

2,270,402

Profit and loss account

(7,039,322

)

(7,036,374

)

SHAREHOLDERS' FUNDS

(4,768,820

)

(4,765,872

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 10 December 2014 and were signed on its behalf by:

E P Noonan - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis of accounting which is only appropriate in

the event of continuing forbearance from the Company's creditors.

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 April 2008).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost and 15% on cost

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

55,835

DEPRECIATION

At 1 April 2013

and 31 March 2014

55,785

NET BOOK VALUE

At 31 March 2014

50

At 31 March 2013

50

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Shares

£1

100

100

4.	BALANCE SHEET POSITION

The Balance Sheet shows an overall deficiency of £4,768,820 (2013 £4,765,872) and the largest single creditor

is a loan in the sum of £5,043,675 (2013 £5,034,100) from one of the company directors, who has indicated that

she will continue to support the Company in the forseable future, and this being the case the Directors are

satisfied that the Company can meet its ongoing liabilities as they fall due for payment.