Sunbeam Property Subsidiary Limited - Abbreviated accounts 16.3
Sunbeam Property Subsidiary Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 29 FEBRUARY 2016 |
| FOR |
| SUNBEAM PROPERTY SUBSIDIARY LIMITED |
| SUNBEAM PROPERTY SUBSIDIARY LIMITED (REGISTERED NUMBER: 08329933) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 29 FEBRUARY 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| SUNBEAM PROPERTY SUBSIDIARY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 29 FEBRUARY 2016 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| SUNBEAM PROPERTY SUBSIDIARY LIMITED (REGISTERED NUMBER: 08329933) |
| ABBREVIATED BALANCE SHEET |
| 29 FEBRUARY 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the director on |
| SUNBEAM PROPERTY SUBSIDIARY LIMITED (REGISTERED NUMBER: 08329933) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 29 FEBRUARY 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 amounts receivable for rents from the letting investment properties. |
| Tangible fixed assets |
| Computer equipment | - |
| Investment property |
| Investment properties are included in the balance sheet at their open market value. Any surplus on revaluation is |
| transferred to the investment property revaluation reserve. Any deficit is deducted from the investment property |
| revaluation reserve except permanent diminution in value, which are charged to the profit and loss account. No |
| amortisation or depreciation is provided in respect of freehold investment properties in accordance with the |
| Financial Reporting Standard for Smaller Entities 2015.This treatment is contrary to the requirements of the |
| Companies Act 2006 to provide for depreciation but is considered necessary to ensure that the financial |
| statements give a true and fair view. Depreciation is only one of the factors reflected at the balance sheet date |
| valuation and the amount that might have been shown cannot be separately identified or quantified. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| Additions |
| At 29 February 2016 |
| DEPRECIATION |
| Charge for year |
| At 29 February 2016 |
| NET BOOK VALUE |
| At 29 February 2016 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 March 2015 |
| Revaluations |
| At 29 February 2016 |
| NET BOOK VALUE |
| At 29 February 2016 |
| At 28 February 2015 |
| SUNBEAM PROPERTY SUBSIDIARY LIMITED (REGISTERED NUMBER: 08329933) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 29 FEBRUARY 2016 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | ULTIMATE PARENT COMPANY |
| 6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 29 February 2016 and |
| 28 February 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |