Spracklen Limited - Limited company - abbreviated

REGISTERED NUMBER: 02076281 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

SPRACKLEN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J F Spracklen

Mrs A Spracklen

Mrs V A Spracklen

SECRETARY:

Mrs A Spracklen

REGISTERED OFFICE:

Moreton Farm

Moreton Lane

Northmoor, Witney

Oxfordshire

OX29 5SY

REGISTERED NUMBER:

02076281 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Tangible assets

2

902

163

Investment property

3

2,184,840

2,185,742

2,185,003

CURRENT ASSETS

Debtors

375,044

358,167

Cash at bank

8,602

32,508

383,646

390,675

CREDITORS

Amounts falling due within one year

4

94,603

123,610

NET CURRENT ASSETS

289,043

267,065

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,474,785

2,452,068

CREDITORS

Amounts falling due after more than one year

4

186,485

190,719

NET ASSETS

2,288,300

2,261,349

CAPITAL AND RESERVES

Called up share capital

5

645,000

Revaluation reserve

953,700

Profit and loss account

689,600

662,649

SHAREHOLDERS' FUNDS

2,288,300

2,261,349

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 31 December 2014 and were signed on its behalf by:

Mrs V A Spracklen - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation of

certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents rents received, 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.

Improvements to property

-

20% on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Investment properties

The accounting treatment of investment properties is dealt with in accordance with the Financial Reporting Standards

for Smaller Entities (effective June 2002). The properties are included in the balance sheet at their open market

value, no depreciation being provided.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2013

23,776

Additions

780

At 31 March 2014

24,556

DEPRECIATION

At 1 April 2013

23,613

Charge for year

41

At 31 March 2014

23,654

NET BOOK VALUE

At 31 March 2014

902

At 31 March 2013

163

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2013

and 31 March 2014

2,184,840

NET BOOK VALUE

At 31 March 2014

2,184,840

At 31 March 2013

2,184,840

4.

CREDITORS

Creditors include an amount of £ 189,069 (31.3.13 - £ 193,457 ) for which security has been given.

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

31.3.14

31.3.13

£

Repayable by instalments

146,482

153,507

5.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

645,000

Share capital 1

£1

645,000

Spracklen Limited - Limited company - abbreviated - 11.6

Spracklen Limited - Limited company - abbreviated - 11.6