Sprucespace Property Management Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02628808 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

SPRUCESPACE PROPERTY MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs N J Aiken

Mr A N W Beeson

Lady J De Waal

Lord D G N Filkin

Mrs C Ricard

Ms L L M Sparkes

SECRETARY:

Hml Company Secretarial Services Limited

REGISTERED OFFICE:

c/o HML Hawksworth Limited

Gillingham House

34-44 Gillingham Street

London

SW1V 1HU

REGISTERED NUMBER:

02628808 (England and Wales)

ACCOUNTANTS:

Casson Beckman

Chartered Accountants

Murrills House

48 East Street

Portchester

Fareham

Hampshire

PO16 9XS

FIXED ASSETS

Tangible assets

2

39,277

39,277

Investments

3

5

5

39,282

39,282

CURRENT ASSETS

Cash at bank

184

149

CREDITORS

Amounts falling due within one year

9

10

NET CURRENT ASSETS

175

139

TOTAL ASSETS LESS CURRENT LIABILITIES

39,457

39,421

CREDITORS

Amounts falling due after more than one year

39,282

39,282

NET ASSETS

175

139

CAPITAL AND RESERVES

Called up share capital

4

19

19

Profit and loss account

156

120

SHAREHOLDERS' FUNDS

175

139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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:

Lady J De Waal - Director

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 amounts receivable for ground rents.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Depreciation is not provided on property. 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 directors compliance with

the standard is necessary for the financial statements to give a true and fair view.

Investments

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

39,277

NET BOOK VALUE

At 31 March 2015

39,277

At 31 March 2014

39,277

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2014

and 31 March 2015

5

NET BOOK VALUE

At 31 March 2015

5

At 31 March 2014

5

The company's investments at the Balance Sheet date in the share capital of companies include the following:

The Warwick Square Company Limited

Nature of business:

%

Class of shares:

holding

Ordinary

5.00

30/9/15

30/9/14

£

£

Aggregate capital and reserves

332,612

352,549

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

19

Ordinary

1

19

19