Warren Terrace Properties Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00461490 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

FOR

WARREN TERRACE PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTORS:

Wm B Wright

Mrs J S Askew

SECRETARY:

Wm B Wright

REGISTERED OFFICE:

Thorpe House

93 Headlands

Kettering

Northamptonshire

NN15 6BL

REGISTERED NUMBER:

00461490 (England and Wales)

FIXED ASSETS

Tangible assets

2

347,872

347,872

CURRENT ASSETS

Debtors

14,918

15,425

Cash at bank

150,960

139,966

165,878

155,391

CREDITORS

Amounts falling due within one year

3

123,810

119,512

NET CURRENT ASSETS

42,068

35,879

TOTAL ASSETS LESS CURRENT LIABILITIES

389,940

383,751

CAPITAL AND RESERVES

Called up share capital

4

153,110

153,110

Investment revaluation reserve

116,039

116,039

Profit and loss account

120,791

114,602

SHAREHOLDERS' FUNDS

389,940

383,751

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 18 May 2016 and were signed on its behalf by:

Wm B Wright - Director

1.	ACCOUNTING POLICIES

Accounting convention

The accounts have been prepared under the historical cost convention with the exception of certain freehold

investment properties which have been retained at valuation in accordance with the Financial Reporting Standard

for Smaller Entities, (effective April 2008).

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

-

33% on cost

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.

Income

Income represents rents receivable from investment properties and finance leases and is entirely attributable to

the company's principal activity within the United Kingdom.

Rental income from operating leases is recognised on a straight-line basis over the period of the lease.

Investment properties

In accordance with Statement of Standard Accounting Practice 19, investment properties are revalued annually,

and the aggregate surplus or deficit is transferred to a revaluation reserve. No depreciation is provided in respect

of these investment properties. The directors consider that this accounting policy results in the accounts giving a

true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount

which otherwise might have been shown cannot be separately identified or quantified.

Operating leases

The cost of operating leases are charged to the profit and loss account as incurred.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 September 2014

and 31 August 2015

365,814

DEPRECIATION

At 1 September 2014

and 31 August 2015

17,942

NET BOOK VALUE

At 31 August 2015

347,872

At 31 August 2014

347,872

3.

CREDITORS

Creditors include an amount of £ 20,000 (2014 - £ 20,000 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

153,110

Ordinary shares

£1

153,110

153,110

5.	ULTIMATE PARENT COMPANY