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Holne Chase Properties Limited
 

 
Unaudited Abbreviated Accounts
 
Year Ended 31 March 2016
 

 
Company Registration Number: 07861490

 

Holne Chase Properties Limited
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 5

 

Holne Chase Properties Limited
Abbreviated Balance Sheet
31 March 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

2

   

3,157,063

   

3,844,635

 

Current assets

 

             

Debtors

 

   

3,430

   

2,905

 

Cash at bank and in hand

 

   

44,789

   

69,673

 
   

   

48,219

   

72,578

 

Creditors: Amounts falling due within one year

 

   

(331,844)

   

(312,186)

 

Net current liabilities

 

   

(283,625)

   

(239,608)

 

Total assets less current liabilities

 

   

2,873,438

   

3,605,027

 

Creditors: Amounts falling due after more than one year

 

   

(705,000)

   

(1,405,000)

 

Net assets

 

   

2,168,438

   

2,200,027

 

Capital and reserves

 

             

Called up share capital

 

4

   

200

   

200

 

Share premium account

 

   

1,536,016

   

1,536,016

 

Revaluation reserve

 

   

495,033

   

546,467

 

Profit and loss account

 

   

137,189

   

117,344

 

Shareholders' funds

 

   

2,168,438

   

2,200,027

 

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

 

Holne Chase Properties Limited
Abbreviated Balance Sheet
31 March 2016 ......... continued

For the year ending 31 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 23 November 2016 and signed on its behalf by:

Mr R A E S Simpson
Director


Company Registration Number: 07861490

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

 

Holne Chase Properties Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2016 ......... continued

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 rents and insurance receivable, net of value added tax.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Investment properties

Nil

Investment properties

Investment properties are revalued annually at their open market value in accordance with the FRSSE (Effective April 2008). The surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit reduces the property below its historical cost, in which case it 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 FRSSE (Effective April 2008) in respect of investment properties have therefore been adopted in order to give a true and fair view. If this departure from the act had not been made, the profit/loss for the year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified and the amount which might otherwise have been shown cannot be separately identified or quantified.





 

Holne Chase Properties Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2016 ......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 April 2015

 

3,845,091

   

3,845,091

 

Revaluations

 

21,928

   

21,928

 

Additions

 

4,065

   

4,065

 

Disposals

 

(711,928)

   

(711,928)

 

At 31 March 2016

 

3,159,156

   

3,159,156

 

Depreciation

           

At 1 April 2015

 

456

   

456

 

Charge for the year

 

1,637

   

1,637

 

At 31 March 2016

 

2,093

   

2,093

 

Net book value

           

At 31 March 2016

 

3,157,063

   

3,157,063

 

At 31 March 2015

 

3,844,635

   

3,844,635

 

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

 

2016
£

   

2015
£

 

 

   

 

Amounts falling due within one year

 

50,000

   

50,000

 

Amounts falling due after more than one year

 

705,000

   

1,405,000

 

Total secured creditors

 

755,000

   

1,455,000

 

Included in the creditors are the following amounts due after more than five years:

 

2016
£

   

2015
£

 

 

   

 

After more than five years by instalments

 

75,000

   

125,000

 
 

Holne Chase Properties Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2016 ......... continued

4

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

100 Ordinary shares of £1 each

 

100

   

100

   

100

   

100

 

100 A Ordinary shares of £1 each

 

100

   

100

   

100

   

100

 
   

200

   

200

   

200

   

200

 

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