Company Registration No. 03444813 (England and Wales)
SHERIDAN HOUSE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2016
SHERIDAN HOUSE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SHERIDAN HOUSE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
5 APRIL 2016
05 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
27,123
27,123
Current assets
Debtors
21,444
20,418
Cash at bank and in hand
96,203
107,300
117,647
127,718
Creditors: amounts falling due within one year
(24,296)
(24,480)
Net current assets
93,351
103,238
Total assets less current liabilities
120,474
130,361
Capital and reserves
Called up share capital
3
23
23
Property reserve fund
27,123
27,123
Other reserves
96,816
96,816
Residents' reserve fund
(3,488)
6,399
Shareholders' funds
120,474
130,361
For the financial year ended 5 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
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;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 23 December 2016
Mr A Nota
Director
Company Registration No. 03444813
SHERIDAN HOUSE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of trade discounts.
trade
discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
nil
No depreciation is provided in respect of freehold buildings. This policy is not in accordance with the requirements of the Companies Act 2006 but in the opinion of the directors this policy is necessary to give a true and fair view of the value of the freehold.
2
Fixed assets
Tangible assets
£
Cost or valuation
At 6 April 2015 & at 5 April 2016
27,123
Depreciation
At 6 April 2015 & at 5 April 2016
-
Net book value
At 5 April 2016
27,123
At 5 April 2015
27,123
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
23 Ordinary shares of £1 each
23
23