SLADERIDGE_PROPERTIES_LIM - Accounts

SLADERIDGE PROPERTIES LIMITED - Company Information

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Company Registration No. 03046862 (England and Wales)

SLADERIDGE PROPERTIES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

SLADERIDGE PROPERTIES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SLADERIDGE PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

1,200,000

Current assets

Debtors

2,055,408

808,374

Cash at bank and in hand

642

5,047

2,056,050

813,421

Creditors: amounts falling due within one year

(1,395)

(19,219)

Net current assets

2,054,655

794,202

Total assets less current liabilities

2,054,655

1,994,202

Capital and reserves

Called up share capital

Revaluation reserve

279,410

Profit and loss account

2,054,653

1,714,790

Shareholders' funds

2,054,655

1,994,202

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 December 2014

R F A Thornhill

Director

Company Registration No. 03046862

SLADERIDGE PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Are not depreciated

The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account.

1.5

Investment property valuation

The Company's Property is shown at Valuation and not Depreciated in Accordance with SSAP 19. The Valuation has been made by the Director MR R F A Thornhill.

1.6

Financial instruments

Financial instruments are classified and accounted for, according to the substance of contractual arrangement, as either financial assets, financial liabilities or equity instruments, as defined in FRS 25, Financial Instruments: Disclosure and Presentation. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

SLADERIDGE PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2013

1,200,000

Disposals

(1,200,000)

At 31 March 2014

At 31 March 2013

1,200,000

Share capital

2014

2013

Authorised

100 Ordinary shares of £1 each

100

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Ultimate parent undertaking

The Ultimate Parent Undertaking is Winreb Finance Limited, a Company incorporated in the U.K.