CITYPARK_PROPERTIES_LIMIT - Accounts

CITYPARK PROPERTIES LIMITED - Company Information

Print Friendly Version

Company Registration No. 02170210 (England and Wales)

CITYPARK PROPERTIES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

CITYPARK PROPERTIES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CITYPARK PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

400,567

400,667

Investments

14,128

11,157

414,695

411,824

Current assets

Debtors

468

2,630

Cash at bank and in hand

29,668

48,138

30,136

50,768

Creditors: amounts falling due within one year

(21,917)

(9,270)

Net current assets

8,219

41,498

Total assets less current liabilities

422,914

453,322

Capital and reserves

Called up share capital

1,000

Revaluation reserve

159,533

Other reserves

1,000

Profit and loss account

261,381

291,789

Shareholders' funds

422,914

453,322

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 November 2016

Keith Walter Stacey

Director

Company Registration No. 02170210

CITYPARK PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for services net of VAT as well as rental income.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation.

Land and buildings

Nil

Fixtures, fittings & equipment

15% Reducing balance

No depreciation has been provided on investment properties in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.4

Investments

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

1.5

Revenue recognition

Rental income is recognised at the point of delivery of the rental invoice to the tenant.

Fee income is recognised on an accruals basis.

CITYPARK PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 April 2015

403,088

11,157

414,245

Additions

2,971

At 31 March 2016

403,088

14,128

417,216

Depreciation

At 1 April 2015

2,421

Charge for the year

100

At 31 March 2016

2,521

Net book value

At 31 March 2016

400,567

14,128

414,695

At 31 March 2015

400,667

11,157

411,824

The Listed and unlisted investments are stated at cost. The market value of the unlisted investments as at 31 March 2016 was £NIL.

Share capital

2016

2015

Allotted, called up and fully paid

1,000 ordinary shares of £1 each

1,000