SLADEN_ESTATES_(MANAGEMEN - Accounts

SLADEN ESTATES (MANAGEMENT) LIMITED - Company Information

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Company Registration No. 04432183 (England and Wales)

SLADEN ESTATES (MANAGEMENT) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

SLADEN ESTATES (MANAGEMENT) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

SLADEN ESTATES (MANAGEMENT) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,320,760

1,322,693

Investments

1,320,800

1,322,733

Current assets

Debtors

351,794

330,364

Cash at bank and in hand

374

34,182

352,168

364,546

Creditors: amounts falling due within one year

(154,097)

(150,344)

Net current assets

198,071

214,202

Total assets less current liabilities

1,518,871

1,536,935

Creditors: amounts falling due after more than one year

(771,066)

(803,472)

747,805

733,463

Capital and reserves

Called up share capital

100

Revaluation reserve

273,934

Profit and loss account

473,771

459,429

Shareholders' funds

747,805

733,463

SLADEN ESTATES (MANAGEMENT) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MAY 2015

- 2 -

For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 October 2015

Mr Nicholas Sladen

Director

Company Registration No. 04432183

SLADEN ESTATES (MANAGEMENT) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

10% Straight Line

Motor vehicles

25% Reducing Balance

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.5

Leasing and hire purchase commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

SLADEN ESTATES (MANAGEMENT) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2015

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 June 2014

1,363,584

1,363,624

Additions

63,241

At 31 May 2015

1,426,825

1,426,865

Depreciation

At 1 June 2014

40,891

Charge for the year

65,174

At 31 May 2015

106,065

Net book value

At 31 May 2015

1,320,760

1,320,800

At 31 May 2014

1,322,693

1,322,733

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £86,094 (2014 - £83,779).

Creditors: amounts falling due after more than one year

2015

2014

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

(404,259)

(475,279)

The aggregate amount of creditors for which security has been given amounted to £771,066 (2014 - £803,502).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary of £1 each

100

SLADEN ESTATES (MANAGEMENT) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2015

- 5 -

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr Nicholas Sladen - Advances

234,779

5,000

3,000

236,779

234,779

5,000

3,000

236,779