Masada Developments Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03923842 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Masada Developments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A M Dicken

SECRETARY:

R M Goodrum

REGISTERED OFFICE:

Unit 2 B, Guisley Way

Durham Lane Ind Estate

Eaglescliffe

Stockton-on-Tees

Cleveland

TS16 0RF

REGISTERED NUMBER:

03923842 (England and Wales)

ACCOUNTANTS:

Sochall Smith Limited

Chartered Accountants

Queens Court Business Centre

Newport Road

Middlesbrough

Cleveland

TS1 5EH

FIXED ASSETS

Tangible assets

2

2,548,917

2,522,338

CURRENT ASSETS

Debtors

774,247

769,203

Cash at bank

28,357

37,734

802,604

806,937

CREDITORS

Amounts falling due within one year

3

1,425,894

1,447,044

NET CURRENT LIABILITIES

(623,290

)

(640,107

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,925,627

1,882,231

CREDITORS

Amounts falling due after more than one year

3

106,851

-

NET ASSETS

1,818,776

1,882,231

CAPITAL AND RESERVES

Called up share capital

4

450

450

Share premium

299,850

299,850

Revaluation reserve

561,680

561,680

Retained earnings

956,796

1,020,251

SHAREHOLDERS' FUNDS

1,818,776

1,882,231

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 director acknowledges his 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 director on 8 September 2016 and were signed by:

A M Dicken - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net income from rental property, excluding value added tax.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

2,549,575

Additions

37,432

At 31 March 2016

2,587,007

DEPRECIATION

At 1 April 2015

27,237

Charge for year

10,853

At 31 March 2016

38,090

NET BOOK VALUE

At 31 March 2016

2,548,917

At 31 March 2015

2,522,338

3.

CREDITORS

Creditors include an amount of £ 138,895 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

450

Ordinary

£1

450

450

5.	ULTIMATE PARENT COMPANY

Kuyt Limited is regarded by the director as being the company's ultimate parent company.