Whitehill Properties Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03548559 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH APRIL 2014

FOR

WHITEHILL PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J C Owen

Ms JM Owen

SECRETARY:

J C Owen

REGISTERED OFFICE:

Cornelius House

178-180 Church Road

Hove

East Sussex

BN3 2DJ

REGISTERED NUMBER:

03548559 (England and Wales)

ACCOUNTANTS:

Parkers

Cornelius House

178-180 Church Road

Hove

East Sussex

BN3 2DJ

FIXED ASSETS

Tangible assets

2

2,704,012

2,704,012

CURRENT ASSETS

Debtors

13,105

3,225

Cash at bank

813,839

832,465

826,944

835,690

CREDITORS

Amounts falling due within one year

3

1,273,258

1,408,658

NET CURRENT LIABILITIES

(446,314

)

(572,968

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,257,698

2,131,044

CREDITORS

Amounts falling due after more than one year

3

709,798

778,488

NET ASSETS

1,547,900

1,352,556

CAPITAL AND RESERVES

Called up share capital

4

100

100

Revaluation reserve

118,985

118,985

Profit and loss account

1,428,815

1,233,471

SHAREHOLDERS' FUNDS

1,547,900

1,352,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2014 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 15th October 2014 and were signed on its behalf by:

J C Owen - 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.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Tangible fixed assets

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

Freehold property

-

not provided

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 OR VALUATION

At 1st May 2013

and 30th April 2014

2,704,012

NET BOOK VALUE

At 30th April 2014

2,704,012

At 30th April 2013

2,704,012

3.

CREDITORS

Creditors include an amount of £ 778,488 (2013 - £ 847,178 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

435,038

503,728

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100