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Abbreviated Unaudited Accounts for the Year Ended 30 September 2015 |
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"SYLENTA" PROPERTIES LIMITED |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 30 September 2015 |
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for |
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"SYLENTA" PROPERTIES LIMITED |
"SYLENTA" PROPERTIES LIMITED (REGISTERED NUMBER: 00641164) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 September 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
"SYLENTA" PROPERTIES LIMITED |
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Company Information |
for the Year Ended 30 September 2015 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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"SYLENTA" PROPERTIES LIMITED (REGISTERED NUMBER: 00641164) |
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Abbreviated Balance Sheet |
30 September 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Share premium |
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Revaluation reserve |
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Other reserves |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each 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 financial statements, so far as applicable to the company. |
"SYLENTA" PROPERTIES LIMITED (REGISTERED NUMBER: 00641164) |
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Abbreviated Balance Sheet - continued |
30 September 2015 |
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The financial statements were approved by the Board of Directors on
behalf by: |
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"SYLENTA" PROPERTIES LIMITED (REGISTERED NUMBER: 00641164) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 September 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the |
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
Entities (effective April 2008). |
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Preparation of consolidated financial statements |
The financial statements contain information about "Sylenta" Properties Limited as an individual |
company and do not contain consolidated financial information as the parent of a group. The company |
has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated |
financial statements. |
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Turnover |
Turnover represents total rents receivable |
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Tangible fixed assets |
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Furniture and equipment | - |
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Investment property |
Investment properties are revalued annually and the aggregate surplus or deficit is transferred to or |
from the revaluation reserve. In accordance with the Financial Reporting Standard for Smaller Entities |
(effective April 2008) depreciation is not provided in respect of freehold investment properties. The |
directors consider that this accounting policy, which represents a departure from the statutory |
accounting principles and the requirements of the Companies Act 2006, is necessary in order for the |
financial statements to give a true and fair view. |
The effect of depreciation and amortisation on value is already reflected annually in the valuation of |
properties, and the amount attributed to this factor by the valuers cannot reasonably be separately |
identified or quantified. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Operating lease income |
Income from operating leases is recognised on a straight line basis over the period of the lease. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 October 2014 |
and 30 September 2015 |
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DEPRECIATION |
At 1 October 2014 |
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Charge for year |
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At 30 September 2015 |
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NET BOOK VALUE |
At 30 September 2015 |
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At 30 September 2014 |
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"SYLENTA" PROPERTIES LIMITED (REGISTERED NUMBER: 00641164) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 September 2015 |
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3. | FIXED ASSET INVESTMENTS |
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2015 | 2014 |
£ | £ |
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Shares in group undertakings | 39 | 39 |
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The company has a subsidiary undertaking, St George Hotel (Chatham) Limited, which operates |
principally in the United Kingdom. |
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The company owns 95% of the subsidiary's 22,812 ordinary shares. Its principal activity is hotelier. At |
31st October 2015 its aggregate capital and reserves stood at £163,629 and its loss before tax for the |
year then ended was £18,915. |
The companies do not have co-terminus year ends because St George Hotel (Chatham) Limited |
continues to prepare its financial statements to the date which it used prior to becoming a subsidiary |
undertaking. |
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4. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 October 2014 |
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Revaluations |
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At 30 September 2015 |
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NET BOOK VALUE |
At 30 September 2015 |
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At 30 September 2014 |
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5. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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2015 | 2014 |
£ | £ |
Repayable by instalments | 65,112 | 76,271 |
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Included within secured creditors is £9,521 (2014: £9,153) due within one year and £107,262 (2014: |
£116,773) due after more than one year. |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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"SYLENTA" PROPERTIES LIMITED (REGISTERED NUMBER: 00641164) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 September 2015 |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 30 September 2015 |
and 30 September 2014: |
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2015 | 2014 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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During the year under review t
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8. | RELATED PARTY DISCLOSURES |
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At 30th September 2015
the balance sheet. |