Abbreviated Company Accounts - 40/42 HIGHBURY HILL N5 LIMITED

40/42 HIGHBURY HILL N5 LIMITED - Company Information

Registered Number 02934162

40/42 HIGHBURY HILL N5 LIMITED

Abbreviated Accounts

24 March 2016

40/42 HIGHBURY HILL N5 LIMITED Registered Number 02934162

Abbreviated Balance Sheet as at 24 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	3,017	3,017
		3,017	3,017
Current assets
Debtors		143	143
		143	143
Net current assets (liabilities)		143	143
Total assets less current liabilities		3,160	3,160
Total net assets (liabilities)		3,160	3,160
Capital and reserves
Called up share capital		20	20
Share premium account		3,140	3,140
Shareholders' funds		3,160	3,160

For the year ending 24 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 7 December 2016

And signed on their behalf by:
Clare Thomas, Director

40/42 HIGHBURY HILL N5 LIMITED Registered Number 02934162

Notes to the Abbreviated Accounts for the period ended 24 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The company is responsible for the management of the property at 40/42 Highbury Hill, London N5
1AL and collects service charges from lessees in order to fund expenditure incurred in the
management of the property. These service charge funds are held in trust for the Lessees as required by the Landlord & Tenant Act 1987. Transactions relating to the management of the property are reported separately to the lessees and are excluded from the company's financial statements. Up until 31st May 2014 such transactions were reflected in the company's financial statements.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is
provided at rates calculated to write off the cost less estimated residual value of each asset over its
expected useful life, as follows:

Land and buildings Freehold Freehold property is included at cost. No depreciation is charged.

2Tangible fixed assets

	£
Cost
At 25 March 2015	3,017
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 24 March 2016	3,017
Depreciation
At 25 March 2015	-
Charge for the year	-
On disposals	-
At 24 March 2016	-
Net book values
At 24 March 2016	3,017
At 24 March 2015	3,017