Frank Fehr & Co.Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00561014

FRANK FEHR & CO.LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R J F Fehr

A J F Goodman

REGISTERED OFFICE:

58-60 Hythe Road

Dymchurch Romney Marsh

Kent

TN29 OLW

REGISTERED NUMBER:

00561014

FIXED ASSETS

Investments

2

329

329

Investment property

3

2,907,500

2,239,000

2,907,829

2,239,329

CURRENT ASSETS

Investments

406,478

387,535

Prepayments and accrued income

5,588

4,856

Cash at bank

68,508

37,617

480,574

430,008

CREDITORS

Amounts falling due within one year

29,976

25,237

NET CURRENT ASSETS

450,598

404,771

TOTAL ASSETS LESS CURRENT LIABILITIES

3,358,427

2,644,100

CAPITAL AND RESERVES

Called up share capital

4

1,253,450

1,253,450

Revaluation reserve

2,592,376

1,923,876

Profit and loss account

(487,399

)

(533,226

)

SHAREHOLDERS' FUNDS

3,358,427

2,644,100

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 21 September 2015 and were signed on its behalf by:

R J F Fehr - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is

appropriate because there are no material uncertainties related to events or conditions that may cast significant

doubt about the ability of the company to continue as a going concern.

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial

Standard for Smaller Entities (effective April 2008) as modified by the revaluation of freehold land and buildings

and incorporate the results of the principal activity which is described in the directors report and which is

continuing.

Turnover

Turnover represents the invoiced value of rents receivable.

Investment property

Investment properties are included in the balance sheet at their open market value. Depreciation is not provided

on freehold investment properties. This treatment represents a departure from the requirements of the

Companies Act 2006 covering depreciation of fixed assets. However, these properties are not held for

consumption but for investment and the directors consider that systematic annual depreciation would be

inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true

and fair view. 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.

Deferred tax

Deferred taxation liabilities and assets are recognised in respect of all material timing difference between the

incidence of income and expenditure for taxation and accounting purposes that have originated but not reversed

at the balance sheet date except in relation to revaluations of freehold property where the directors consider that

a liability to taxation is unlikely to crystallise in the foreseeable future.

Current asset investments

Listed investments are stated at the lower of cost and market value. Market value is based on middle market

value at the accounting date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

329

NET BOOK VALUE

At 31 December 2014

329

At 31 December 2013

329

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2014

2,239,000

Revaluations

668,500

At 31 December 2014

2,907,500

NET BOOK VALUE

At 31 December 2014

2,907,500

At 31 December 2013

2,239,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,253,450

Ordinary shares

1

1,253,450

1,253,450

5.	DEFERRED TAXATION

As referred to under accounting policies (Note 1) no deferred tax provision has been recognised should the

company's investment properties be realised at the value included in the financial statements. Net of available

capital losses at 20% of £283,859 (2013: £286,259) the potential deferred tax liability amounts to £234,616

(2013: £98,516).