5 T Limited - Abbreviated accounts 16.1
5 T Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 March 2016 |
| for |
| 5 T Limited |
| 5 T Limited (Registered number: 04421203) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 March 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| 5 T Limited |
| Company Information |
| for the Year Ended 31 March 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 5 T Limited (Registered number: 04421203) |
| Abbreviated Balance Sheet |
| 31 March 2016 |
| 31.3.16 | 31.3.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Revaluation reserve | ( |
) |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| 5 T Limited (Registered number: 04421203) |
| Abbreviated Balance Sheet - continued |
| 31 March 2016 |
| The financial statements were approved by the Board of Directors on by: |
| 5 T Limited (Registered number: 04421203) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 March 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 net rents receivable and consultancy services. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Investment property |
| Investment properties are revalued annually at their open market value in accordance with the Financial |
| Reporting Standard for Smaller Entities (effective April 2008).Where the surplus or deficit on revaluation is |
| expected to be temporary, it is transferred to the revaluation reserve even where the deficit reduces the property |
| below its historical cost. If the change in value is expected to be permanent, the movement in value is taken to |
| the profit and loss account. |
| No depreciation is provided on investment properties, which is a departure from the requirements of the |
| Companies Act 2006. In the opinion of the directors these properties are held primarily for their investment |
| potential and so their current value is of more significance than any measure of consumption and to depreciate |
| them would not give a true and fair view. The provisions of the Financial Reporting Standard for Smaller Entities |
| (effective April 2008) in respect of investment properties have therefore been adopted in order to give a true and |
| fair view. If this departure had not been made, the profit for the year would have been reduced by depreciation. |
| The amount of depreciation cannot reasonably be quantified and the amount which might otherwise 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. |
| Fixed asset investments |
| Fixed asset investments are stated at cost less provision for any permanent diminution in value. For listed |
| investments, market value is based on the closing middle market price. |
| 5 T Limited (Registered number: 04421203) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 | 119 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Associated company |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary |
| 31.3.15 |
| £ | £ |
| Aggregate capital and reserves | 1,577,610 | 1,306,701 |
| Profit for the year | 270,909 | 641,303 |
| 5 T Limited (Registered number: 04421203) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2016 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 April 2015 |
| Additions |
| Disposals | ( |
) |
| Revaluations |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 5. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 6. | CREDITORS |
| Creditors include an amount of £ |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
| value: | £ | £ |
| Ordinary | £1 |
| Ordinary B | £1 |
| 20,010 | 20,010 |