D R Smith Properties Limited - Limited company - abbreviated - 11.6

D R Smith Properties Limited - Limited company - abbreviated - 11.6

D R SMITH PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 07876139 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

D R SMITH PROPERTIES LIMITED

D R SMITH PROPERTIES LIMITED (REGISTERED NUMBER: 07876139)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

D R SMITH PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2014







DIRECTORS: Mr D Smith
Mrs E Smith





REGISTERED OFFICE: Empress Heights
College Street
Southampton
Hampshire
SO14 3LA





REGISTERED NUMBER: 07876139 (England and Wales)





ACCOUNTANTS: Khan Morris Accountants Limited
Empress Heights
College Street
Southampton
Hampshire
SO14 3LA
Page 1
D R SMITH PROPERTIES LIMITED (REGISTERED NUMBER: 07876139)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 29,121 33,200
Investment property 3 4,111,666 2,582,310
4,140,787 2,615,510

CURRENT ASSETS
Stocks 170,000 -
Debtors 47,438 252,922
Cash at bank 9 -
217,447 252,922
CREDITORS
Amounts falling due within one year 3,931,142 2,623,832
NET CURRENT LIABILITIES (3,713,695 ) (2,370,910 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
427,092
244,600

PROVISIONS FOR LIABILITIES - 6,093
NET ASSETS 427,092 238,507

CAPITAL AND RESERVES
Called up share capital 4 200,003 200,003
Profit and loss account 227,089 38,504
SHAREHOLDERS' FUNDS 427,092 238,507

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 notes form part of these abbreviated accounts

Page 2 continued...
D R SMITH PROPERTIES LIMITED (REGISTERED NUMBER: 07876139)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2014


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 14 November 2014 and were signed on
its behalf by:




Mr D Smith - Director



Mrs E Smith - Director


The notes form part of these abbreviated accounts

Page 3
D R SMITH PROPERTIES LIMITED (REGISTERED NUMBER: 07876139)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014


1. ACCOUNTING POLICIES

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).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Plant and machinery - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in market value is transferred to a revaluation reserve.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 41,500
Additions 8,351
Disposals (4,100 )
At 31 March 2014 45,751
DEPRECIATION
At 1 April 2013 8,300
Charge for year 9,150
Eliminated on disposal (820 )
At 31 March 2014 16,630
NET BOOK VALUE
At 31 March 2014 29,121
At 31 March 2013 33,200

Page 4 continued...
D R SMITH PROPERTIES LIMITED (REGISTERED NUMBER: 07876139)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014


3. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2013 2,582,310
Additions 1,529,356
At 31 March 2014 4,111,666
NET BOOK VALUE
At 31 March 2014 4,111,666
At 31 March 2013 2,582,310

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
200,003 Ordinary £1 200,003 200,003

5. ULTIMATE CONTROLLING PARTY

Mr and Mrs Smith have ultimate control by virtue of their directorship and majority shareholdings.

Page 5