Norton Estates Limited - Limited company - abbreviated - 11.6
Norton Estates Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| NORTON ESTATES LIMITED |
| ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 APRIL 2015 |
| NORTON ESTATES LIMITED (REGISTERED NUMBER: 01364716) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 30 APRIL 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| NORTON ESTATES LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 APRIL 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| NORTON ESTATES LIMITED (REGISTERED NUMBER: 01364716) |
| ABBREVIATED BALANCE SHEET |
| 30 APRIL 2015 |
| 30.4.15 | 30.4.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| NORTON ESTATES LIMITED (REGISTERED NUMBER: 01364716) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 30 APRIL 2015 |
| 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 comprises rents received and services supplied by the company, net of value added tax. |
| Tangible fixed assets |
| Long leasehold | - |
| Fixtures and fittings | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Investment properties |
| Investment properties are included in the balance sheet at cost. |
| In accordance with the FRSSE , no depreciation is provided in respect of investment properties. This represents a |
| departure from the Companies Act 1985 requirements in respect of the depreciation of fixed assets. The director |
| considers that this departure is necessary in order that the financial statements give a true and fair view of the |
| state of affairs of the company. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 May 2014 |
| Disposals | ( |
) |
| At 30 April 2015 |
| DEPRECIATION |
| At 1 May 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 April 2015 |
| NET BOOK VALUE |
| At 30 April 2015 |
| At 30 April 2014 |
| The long leasehold properties are held for investment. They have not been included in the balance sheet at open |
| market value as required by the FRSSE. In the opinion of the director, a qualified chartered surveyor, the market |
| value of the properties is certainly not less than the cost shown in the balance sheet. |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| NORTON ESTATES LIMITED (REGISTERED NUMBER: 01364716) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 30 APRIL 2015 |
| 3. | CREDITORS - continued |
| They also include the following debts falling due in more than five years: |
| 30.4.15 | 30.4.14 |
| £ | £ |
| Repayable otherwise than by instalments | 58,028 | 112,218 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.4.15 | 30.4.14 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the year the company had transactions with related parties connected with J.Bryce, the director. |
| 30.4.15 | 30.4.14 |
| £ | £ |
| Paid to related parties: |
| Bryce Associates (Fees) | 2,714 | 5,460 |
| Amounts owing to/(by) the company at year end: |
| Bryce Associates | 0 | 3,000 |