Frianon Investments Limited - Limited company - abbreviated

REGISTERED NUMBER: 03578403 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

FOR

FRIANON INVESTMENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr H A W Wheeldon

Mr N H W Wheeldon

Mr C C Wheeldon

SECRETARY:

Mr N H W Wheeldon

REGISTERED OFFICE:

24 Lammas Street

Carmarthen

Carmarthenshire

SA31 3AL

REGISTERED NUMBER:

03578403 (England and Wales)

ACCOUNTANTS:

Clay Shaw Butler

Chartered Accountants

24 Lammas Street

Carmarthen

Carmarthenshire

SA31 3AL

FIXED ASSETS

Investment property

2

219,375

148,339

CURRENT ASSETS

Debtors

34,377

14,410

Cash at bank

41,359

42,644

75,736

57,054

CREDITORS

Amounts falling due within one year

19,227

17,250

NET CURRENT ASSETS

56,509

39,804

TOTAL ASSETS LESS CURRENT
LIABILITIES

275,884

188,143

CAPITAL AND RESERVES

Called up share capital

3

2

Revaluation reserve

71,036

-

Profit and loss account

204,846

188,141

SHAREHOLDERS' FUNDS

275,884

188,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 14 September 2015 and were signed on its behalf by:

Mr H A W Wheeldon - Director

1.	ACCOUNTING POLICIES

ACCOUNTING CONVENTION

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain

assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

TURNOVER

Turnover represents net invoiced sales of services, excluding value added tax.

INVESTMENT PROPERTY

The company owns an investment property and under the provisions of Statement of Standard Accounting Practice 19 no

depreciation is provided thereon. The property was revalued on 12 May 2015 at £225,000 less estimated realisation costs,

at 2.5%, of £5,625. Net book value being £219,375.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 July 2014

148,339

Revaluations

71,036

At 30 June 2015

219,375

NET BOOK VALUE

At 30 June 2015

219,375

At 30 June 2014

148,339

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

2

Ordinary

£1

2

4.	RELATED PARTY DISCLOSURES

During the year Taylor Son & Creber Limited, a company in which Mr N H W Wheeldon is the sole director and

shareholder, charged property management fees to the company of £1,500 (2014 - £3,000).

The outstanding balance at the balance sheet date was Nil (2014 - £Nil).

The following transactions with the director Mrs R Wheeldon (dec'd) subsisted during the years ended 30 June 2015 and 30

June 2014

30.06.15

30.06.14

£

Balance due at start of year

-

Advances in year

(12,000)

(10,000)

Credits in year

12,000

10,000

Balance outstanding at end of year

-

Credits include dividends paid of £ (2014 - £nil).

The following transactions with the director Mr HAW Wheeldon subsisted during the years ended 30 June 2015 and 30

June 2014

30.06.15

30.06.14

£

Balance due at start of year

-

Advances in year

(6,000)

-

Credits in year

-

Balance outstanding at end of year

(6,000)

-

The following transactions with the director Mr CC Wheeldon subsisted during the years ended 30 June 2015 and 30 June

2014

30.06.15

30.06.14

£

Balance due at start of year

-

Advances in year

(8,500)

-

Credits in year

-

Balance outstanding at end of year

(8,500)

-

Frianon Investments Limited - Limited company - abbreviated - 11.9

Frianon Investments Limited - Limited company - abbreviated - 11.9