Registration number:
for the period from
Southern Properties (Norwood) Limited
Contents
Abbreviated Balance Sheet |
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Notes to the Abbreviated Accounts |
Southern Properties (Norwood) Limited
(Registration number: 06993362)
Abbreviated Balance Sheet as at 31 October 2016
Note |
31 October 2016 |
31 August 2015 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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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 |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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For the period ending 31 October 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
.........................................
Mr Andrew Jonathan Stem
Director
Southern Properties (Norwood) Limited
(Registration number: 06993362)
Abbreviated Balance Sheet as at 31 October 2016
.........................................
Mr William Ormiston
Director
.........................................
Mr Paul Betts
Director
Southern Properties (Norwood) Limited
Notes to the Abbreviated Accounts
Accounting policies |
Basis of preparation
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Freehold property |
in accordance with the property |
Fixtures and fittings |
15% on reducing balance |
Computer equipment |
25% on reducing balance |
Investment properties
Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with SSAP 19.
Work in progress
Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Fixed assets |
Tangible assets |
Total |
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Cost |
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At 1 September 2015 |
365,983 |
365,983 |
At 31 October 2016 |
365,983 |
365,983 |
Depreciation |
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At 1 September 2015 |
47,249 |
47,249 |
Charge for the year |
5,764 |
5,764 |
At 31 October 2016 |
53,013 |
53,013 |
Net book value |
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At 31 October 2016 |
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At 31 August 2015 |
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Southern Properties (Norwood) Limited
Notes to the Abbreviated Accounts
Share capital |
Allotted, called up and fully paid shares
31 October 2016 |
31 August 2015 |
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No. |
£ |
No. |
£ |
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6 |
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6 |