Timetower Estates Ltd - Limited company - abbreviated - 11.6

Timetower Estates Ltd - Limited company - abbreviated - 11.6

TIMETOWER ESTATES LTD - Company Information

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REGISTERED NUMBER: 04843320 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

FOR

TIMETOWER ESTATES LTD

TIMETOWER ESTATES LTD (REGISTERED NUMBER: 04843320)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

TIMETOWER ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2014







DIRECTOR: S Hoffman





SECRETARY: N Schwartz





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 04843320 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
TIMETOWER ESTATES LTD (REGISTERED NUMBER: 04843320)

ABBREVIATED BALANCE SHEET
31 JULY 2014

31.7.14 31.7.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 3,822 4,496
Investment property 3 804,899 804,899
808,721 809,395

CURRENT ASSETS
Cash at bank 24,139 18,583

CREDITORS
Amounts falling due within one year 200,344 193,406
NET CURRENT LIABILITIES (176,205 ) (174,823 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
632,516
634,572

CREDITORS
Amounts falling due after more than one
year
4
578,226
617,894
NET ASSETS 54,290 16,678

CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and loss account 54,289 16,677
SHAREHOLDERS' FUNDS 54,290 16,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
TIMETOWER ESTATES LTD (REGISTERED NUMBER: 04843320)

ABBREVIATED BALANCE SHEET - continued
31 JULY 2014


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 director on 17 April 2015 and were signed by:





S Hoffman - Director


The notes form part of these abbreviated accounts

Page 3
TIMETOWER ESTATES LTD (REGISTERED NUMBER: 04843320)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2014

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
Turnover represents net rent receivable, 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.

Fixtures and fittings - 15% on reducing balance

Investment property- depreciation
In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or
amortisation is provided in respect of freehold investment properties nor on leasehold investment properties
having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act
2006, for all properties to be depreciated, is necessary, as the director considers that this accounting policy
results in the financial statements giving true and fair view.

Investment properties
Investment Properties are included in the Balance Sheet at historical cost, which is not in accordance with
Financial Reporting Standard for Smaller Entities(effective April 2008), which requires such properties to be
stated at current market value.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2013
and 31 July 2014 13,266
DEPRECIATION
At 1 August 2013 8,770
Charge for year 674
At 31 July 2014 9,444
NET BOOK VALUE
At 31 July 2014 3,822
At 31 July 2013 4,496

3. INVESTMENT PROPERTY
Total
£   
COST
At 1 August 2013
and 31 July 2014 804,899
NET BOOK VALUE
At 31 July 2014 804,899
At 31 July 2013 804,899

Page 4 continued...
TIMETOWER ESTATES LTD (REGISTERED NUMBER: 04843320)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JULY 2014

4. CREDITORS

Creditors include an amount of £ 578,226 (31.7.13 - £ 617,894 ) for which security has been given.

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

31.7.14 31.7.13
£    £   
Repayable by instalments 578,226 617,894

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.14 31.7.13
value: £    £   
1 Ordinary £1 1 1

Page 5