REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016 |
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FOR |
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SOUTHWARK PLACE DEVELOPMENTS LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016 |
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FOR |
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SOUTHWARK PLACE DEVELOPMENTS LIMITED |
SOUTHWARK PLACE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01024500) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 30 April 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
SOUTHWARK PLACE DEVELOPMENTS LIMITED |
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COMPANY INFORMATION |
for the Year Ended 30 April 2016 |
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DIRECTOR: |
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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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SOUTHWARK PLACE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01024500) |
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ABBREVIATED BALANCE SHEET |
30 April 2016 |
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2016 | 2015 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investment property | 3 |
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CURRENT ASSETS |
Investments |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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The financial statements were approved by the director on
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SOUTHWARK PLACE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01024500) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 30 April 2016 |
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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 January |
2015). |
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Turnover |
The company's turnover represents the income from rents received. |
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Depreciation |
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Fixtures and fittings | - |
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The company's investment properties have been valued at their open market value. The valuation of the |
investment properties is undertaken by the directors annually and by an external valuer at least every five years. |
Any change in the value of the properties is transferred as a movement on the investment revaluation reserve and |
not taken to the profit and loss account for the period unless a fall in value is considered to be permanent. |
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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 except for timing differences arising on revaluations of fixed assets which are not intended to be sold. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2015 |
and 30 April 2016 |
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DEPRECIATION |
At 1 May 2015 |
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Charge for year |
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At 30 April 2016 |
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NET BOOK VALUE |
At 30 April 2016 |
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At 30 April 2015 |
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3. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 May 2015 |
and 30 April 2016 |
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NET BOOK VALUE |
At 30 April 2016 |
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At 30 April 2015 |
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SOUTHWARK PLACE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01024500) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 30 April 2016 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary shares | £1 |
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5. | DEFERRED TAXATION |
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As stated in note 1 to the financial statements, no provision for deferred taxation on gains recognised on |
revaluation of the company's investment properties to prevailing market values at 30 April 2016 has been |
recognised. Were these investment properties to be sold, at current rates, this would give rise to an estimated |
corporation tax liability of £76,060. |