Forton Properties (Private unlimited company) - Period Ending 2016-09-30

Registration number: 00671376

Forton Properties (Private unlimited company) Unaudited Abbreviated Accounts for the Year Ended 30 September 2016

Forton Properties (Private unlimited company)
Contents

Abbreviated Balance Sheet   1

Notes to the Abbreviated Accounts   2 to 3

Forton Properties (Private unlimited company)
(Registration number: 00671376)
Abbreviated Balance Sheet at 30 September 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			45,368			45,804
Investments		2			-			2
					45,368			45,806
Current assets
Stocks					19,283			19,283
Debtors					145			29,223
Cash at bank and in hand					225,556			239,181
					244,984			287,687
Creditors: Amounts falling due within one year					(98,283)			(114,183)
Net current assets					146,701			173,504
Net assets					192,069			219,310
Capital and reserves
Called up share capital		3			40,804			40,804
Other reserves					63,310			63,310
Profit and loss account					87,955			115,196
Shareholders' funds					192,069			219,310

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ending 30 September 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved by the director on 23 June 2017

.........................................
A W Hanbury-Bateman
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Forton Properties (Private unlimited company)
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of the provision of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% reducing balance
Office equipment	33 1/3% straight line

Investment properties

Properties held as investment properties are not depreciated as in the opinion of the director, the properties will not fall in value.

Fixed asset investments

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

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Forton Properties (Private unlimited company)
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 October 2015		55,595			2			55,597
At 30 September 2016		55,595			2			55,597
Depreciation
At 1 October 2015		9,791			-			9,791
Charge for the year		436			-			436
Eliminated on disposals		-			2			2
At 30 September 2016		10,227			2			10,229
Net book value
At 30 September 2016		45,368			-			45,368
At 30 September 2015		45,804			2			45,806

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		40,804			40,804			40,804			40,804

Page 3