Philip Castang Properties Limited - Abbreviated accounts 16.1

Philip Castang Properties Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 00729205(England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

PHILIP CASTANG PROPERTIES LIMITED

PHILIP CASTANG PROPERTIES LIMITED (REGISTERED NUMBER: 00729205)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

PHILIP CASTANG PROPERTIES LIMITED

COMPANY INFORMATION
for the year ended 31 MARCH 2016







DIRECTORS: P Castang
Mrs L S Castang





SECRETARY: Mrs L S Castang





REGISTERED OFFICE: 1 High Street
Thatcham
Berks
RG19 3JG





REGISTERED NUMBER: 00729205(England and Wales)





ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

PHILIP CASTANG PROPERTIES LIMITED (REGISTERED NUMBER: 00729205)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1 1
Investments 3 232 232
Investment property 4 1,381,543 1,381,543
1,381,776 1,381,776

CURRENT ASSETS
Cash at bank 36,238 26,726

CREDITORS
Amounts falling due within one year 5 55,486 46,772
NET CURRENT LIABILITIES (19,248 ) (20,046 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,362,528

1,361,730

CREDITORS
Amounts falling due after more than one
year

5

75,933

99,720
NET ASSETS 1,286,595 1,262,010

CAPITAL AND RESERVES
Called up share capital 6 5,702 5,702
Revaluation reserve 952,896 952,896
Capital reserve - Realised 3,076 3,076
Profit and loss account 324,921 300,336
SHAREHOLDERS' FUNDS 1,286,595 1,262,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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.

PHILIP CASTANG PROPERTIES LIMITED (REGISTERED NUMBER: 00729205)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 22 April 2016and were signed on its behalf by:





P Castang- Director


PHILIP CASTANG PROPERTIES LIMITED (REGISTERED NUMBER: 00729205)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 MARCH 2016

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 January
2015).

Turnover
Turnover represents rents receivable in respect of the year from investment properties


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

Fixtures and fittings - 20% on cost and 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 32,857
DEPRECIATION
At 1 April 2015
and 31 March 2016 32,856
NET BOOK VALUE
At 31 March 2016 1
At 31 March 2015 1

PHILIP CASTANG PROPERTIES LIMITED (REGISTERED NUMBER: 00729205)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 31 MARCH 2016

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2015
and 31 March 2016 232
NET BOOK VALUE
At 31 March 2016 232
At 31 March 2015 232

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2015
and 31 March 2016 1,381,543
NET BOOK VALUE
At 31 March 2016 1,381,543
At 31 March 2015 1,381,543

5. CREDITORS

Creditors include an amount of £ 87,333 (31.3.15 - £ 111,120 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.3.16 31.3.15
£    £   
Repayable by instalments 30,333 54,120

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
5,702 Ordinary £1 5,702 5,702