REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 30 June 2016 |
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for |
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P M Slade And Son (Developments) Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 30 June 2016 |
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for |
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P M Slade And Son (Developments) Limited |
P M Slade And Son (Developments) Limited (Registered number: 02809667) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 June 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
P M Slade And Son (Developments) Limited |
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Company Information |
for the Year Ended 30 June 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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SOLICITORS: |
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P M Slade And Son (Developments) Limited (Registered number: 02809667) |
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Abbreviated Balance Sheet |
30 June 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investment property | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
P M Slade And Son (Developments) Limited (Registered number: 02809667) |
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Abbreviated Balance Sheet - continued |
30 June 2016 |
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The financial statements were approved by the Board of Directors on
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P M Slade And Son (Developments) Limited (Registered number: 02809667) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 June 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and are in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
2015). |
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Turnover |
Turnover represents rental income, excluding value added tax. |
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Tangible fixed assets |
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Motor vehicles | - |
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Office equipment | - |
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Investment property |
In accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) investment properties are |
revalued annually and the aggregate surplus or deficit transferred to the revaluation reserve. No depreciation is |
provided in respect of investment properties. |
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The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the |
generally accepted accounting principle set out in the FRSSE. The directors consider that, as these properties are |
not held for consumption, but for their investment potential, to depreciate them would not give a true and fair |
view. |
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If this departure from the Act had not been made, the profit for the financial year would have been reduced by |
depreciation. However, the amount of depreciation cannot reasonably be quantified because depreciation is only |
one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown |
cannot be separately identified or quantified. |
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Deferred taxation |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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As required by the FRSSE no deferred tax is provided on revaluation gains unless there exists a binding |
agreement to sell the asset. |
P M Slade And Son (Developments) Limited (Registered number: 02809667) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 June 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2015 |
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Additions |
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Disposals | ( |
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At 30 June 2016 |
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DEPRECIATION |
At 1 July 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 June 2016 |
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NET BOOK VALUE |
At 30 June 2016 |
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At 30 June 2015 |
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3. | INVESTMENT PROPERTY |
Total |
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COST OR VALUATION |
At 1 July 2015 |
and 30 June 2016 |
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NET BOOK VALUE |
At 30 June 2016 |
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At 30 June 2015 |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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6. | ULTIMATE PARENT COMPANY |
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The company's ultimate parent undertaking at the balance sheet date was P M Slade & Son Limited, a company |
incorporated in England and Wales. This company is controlled by the directors as shown in the directors report. |
P M Slade And Son (Developments) Limited (Registered number: 02809667) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 June 2016 |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 30 June 2016 and |
30 June 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year | ( |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year | ( |
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