Company Registration No. 00691009 (England and Wales)
SHIRMANS PROPERTIES LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
SHIRMANS PROPERTIES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SHIRMANS PROPERTIES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
896,190
901,735
Investments
2
85,002
85,002
981,192
986,737
Current assets
Debtors
4,062
51,213
Cash at bank and in hand
164,775
22,356
168,837
73,569
Creditors: amounts falling due within one year
(174,286)
(127,504)
Net current liabilities
(5,449)
(53,935)
Total assets less current liabilities
975,743
932,802
Capital and reserves
Called up share capital
3
4,600
4,600
Other reserves
346,046
346,046
Profit and loss account
625,097
582,156
Shareholders' funds
975,743
932,802
For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. 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 of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board for issue on 11 November 2014
J Clough
Director
Company Registration No. 00691009
SHIRMANS PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents rents and management charges receivable.
1.3
Tangible fixed assets and depreciation
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
Nil
Land and buildings Leasehold
Over 50 years
Fixtures, fittings & equipment
20% Reducing balance
Leasehold properties is depreciated over 50 years.
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
SHIRMANS PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2014
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 April 2013
1,036,898
85,002
1,121,900
Additions
360
-
360
At 31 March 2014
1,037,258
85,002
1,122,260
Depreciation
At 1 April 2013
135,163
-
135,163
Charge for the year
5,905
-
5,905
At 31 March 2014
141,068
-
141,068
Net book value
At 31 March 2014
896,190
85,002
981,192
At 31 March 2013
901,735
85,002
986,737
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
J & M Shirman Investments Ltd
England and Wales
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2014
2014
Principal activity
£
£
J & M Shirman Investments Ltd
Property Investment & Management
286,455
19,762
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
4,600 Ordinary shares of £1 each
4,600
4,600
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