Philip Castang Properties Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00729205 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

PHILIP CASTANG PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

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

FIXED ASSETS

Tangible assets

2

1

Investments

3

232

Investment property

4

1,381,543

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

Revaluation reserve

952,896

Capital reserve - Realised

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.

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 2016 and were signed on its behalf by:

P Castang - 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 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

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