Forton Properties (Private unlimited company) - Period Ending 2015-09-30

Registration number: 00671376

Forton Properties (Private unlimited company) Unaudited Abbreviated Accounts for the Year Ended 30 September 2015

Forton Properties (Private unlimited company)
Contents

Abbreviated Balance Sheet   1

Notes to the Abbreviated Accounts   2 to 3

Forton Properties (Private unlimited company)
(Registration number: 00671376)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					45,804			157,391
Investments					2			2
		2			45,806			157,393
Current assets
Stocks					19,283			-
Debtors					29,223			47,078
Cash at bank and in hand					239,181			1,996
					287,687			49,074
Creditors: Amounts falling due within one year					(114,183)			(267,915)
Net current assets/(liabilities)					173,504			(218,841)
Net assets/(liabilities)					219,310			(61,448)
Capital and reserves
Called up share capital		3			40,804			40,804
Other reserves					63,310			63,310
Profit and loss account					115,196			(165,562)
Shareholders' funds/(deficit)					219,310			(61,448)

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

For the year ending 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved by the director on 27 June 2016

.........................................
A W Hanbury-Bateman
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Forton Properties (Private unlimited company)
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis despite the net liabilities shown by the Balance Sheet. This presumes that adequate finance will continue to be made available by the Director.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% reducing balance
Office equipment	33 1/3% straight line

Investment properties

Properties held as investment properties are not depreciated as in the opinion of the director, the properties will not fall in value.

Fixed asset investments

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

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Forton Properties (Private unlimited company)
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 October 2014		166,726			5,701			172,427
Additions		1,075			-			1,075
Disposals		(112,206)			-			(112,206)
At 30 September 2015		55,595			5,701			61,296
Depreciation
At 1 October 2014		9,335			5,699			15,034
Charge for the year		456			-			456
At 30 September 2015		9,791			5,699			15,490
Net book value
At 30 September 2015		45,804			2			45,806
At 30 September 2014		157,391			2			157,393

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings
Testbourne Properties Limited	Ordinary	100%	Property investment

Associates
Redcub Properties Limited	A ordinary	25%	Property Investment

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		40,804			40,804			40,804			40,804

Page 3