Francine Properties Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00574053

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2014

FOR

FRANCINE PROPERTIES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs F E Rowe

R E Bartlett

K A Bartlett

REGISTERED OFFICE:

65 Seeleys Road

Beaconsfield

Buckinghamshire

HP9 1TB

REGISTERED NUMBER:

00574053

ACCOUNTANTS:

RONALD C PHELPS BA FCCA

31 Goddington Road

Bourne End

Buckinghamshire

SL8 5TT

FIXED ASSETS

Tangible assets

2

486

648

CURRENT ASSETS

Debtors

1,904

1,828

Investments

814,730

865,914

Cash at bank

199,432

6,684

1,016,066

874,426

CREDITORS

Amounts falling due within one year

3

122,042

156,828

NET CURRENT ASSETS

894,024

717,598

TOTAL ASSETS LESS CURRENT LIABILITIES

894,510

718,246

CREDITORS

Amounts falling due after more than one year

3

220,149

232,882

NET ASSETS

674,361

485,364

CAPITAL AND RESERVES

Called up share capital

4

43,000

43,000

Profit and loss account

631,361

442,364

SHAREHOLDERS' FUNDS

674,361

485,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 23 December 2014 and were signed on its behalf by:

Mrs F E Rowe - Director

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

Ground rents and bank deposit interest are included in the profit and loss account on the basis of amounts

received. Rental income is accounted for on an accrual basis

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 etc

-

25% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 6 April 2013

and 5 April 2014

5,817

DEPRECIATION

At 6 April 2013

5,169

Charge for year

162

At 5 April 2014

5,331

NET BOOK VALUE

At 5 April 2014

486

At 5 April 2013

648

3.

CREDITORS

Creditors include an amount of £ 232,882 (5.4.13 - £ 245,055 ) for which security has been given.

They also include the following debts falling due in more than five years:

5.4.14

5.4.13

£

£

Repayable by instalments

163,124

178,361

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.14

5.4.13

value:

£

£

43,000

Ordinary

£1

43,000

43,000