Times Square Estates Limited
|
Registered number: |
04152776
|
Abbreviated Balance Sheet |
as at 6 April 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed Assets |
Tangible Assets |
2 |
|
|
2,102,934 |
|
|
2,102,140 |
Investments |
3 |
|
|
100,000 |
|
|
100,000 |
|
|
|
|
2,202,934 |
|
|
2,202,140 |
|
Current Assets |
Debtors |
|
|
54,426 |
|
|
49,399 |
Bank and Cash |
|
|
558,310 |
|
|
612,808 |
|
|
|
612,736 |
|
|
662,207 |
|
Creditors: Due Within One Year |
|
|
(62,160) |
|
|
(68,666) |
|
Net Current Assets |
|
|
|
550,576 |
|
|
593,541 |
|
Total Assets less Current Liabilities |
|
|
|
2,753,510 |
|
|
2,795,681 |
|
|
Provisions for Liabilities |
|
|
|
(212) |
|
|
(48) |
|
|
Net Assets |
|
|
|
2,753,298 |
|
|
2,795,633 |
|
|
|
|
|
|
|
|
Capital and Reserves |
Called up Share Capital |
4 |
|
|
875 |
|
|
875 |
Share Premium |
|
|
|
1,492,821 |
|
|
1,492,821 |
Revaluation Reserve |
|
|
|
776,325 |
|
|
776,325 |
Profit and Loss Account |
|
|
|
483,277 |
|
|
525,612 |
|
Shareholders' Funds |
|
|
|
2,753,298 |
|
|
2,795,633 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
____________________ |
Mrs J A Otnes |
Director |
Approved by the board on 10 October 2016
|
|
Times Square Estates Limited
|
Notes to the Abbreviated Accounts |
for the year ended 6 April 2016
|
|
1 |
Accounting Policies |
|
|
Basis of Preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods and services provided to customers during the year.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtures Fittings & Equipment |
25% reducing balance
|
|
No depreciation has been provided against the freehold land and buildings. |
|
|
Deferred Taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
2 |
Tangible Fixed Assets |
£ |
|
|
Cost |
|
At 7 April 2015 |
2,108,199 |
|
Additions |
1,184 |
|
At 6 April 2016 |
2,109,383 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 7 April 2015 |
6,060 |
|
Charge for the year |
389 |
|
At 6 April 2016 |
6,449 |
|
|
|
|
|
|
|
|
Net Book Values |
|
At 6 April 2016 |
2,102,934 |
|
At 6 April 2015 |
2,102,139 |
|
|
|
|
|
|
|
|
3 |
Investments |
£ |
|
|
Cost |
|
At 7 April 2015 |
100,000 |
|
|
At 6 April 2016 |
100,000 |
|
|
|
|
|
|
|
4 |
Share Capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary 'A' Shares
|
£1 each |
|
395 |
|
395 |
|
395 |
|
Ordinary 'B' Shares
|
£1 each |
|
380 |
|
380 |
|
380 |
|
Ordinary 'C' Shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
875 |
|
875 |
|
|
|
|
|
|
|
|
|
|
5 |
Loans to Directors |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
Mrs J A Otnes
|
|
Payment to HMRC
|
- |
|
4,178 |
|
- |
|
4,178 |
|
|
|
- |
|
4,178 |
|
- |
|
4,178 |
|
|
|
|
|
|
|
|
|
|
4 |
Related Party Transactions |
2016 |
|
2015 |
£ |
£ |
|
|
Mr D S Mead is the company secretary and charged the company the following fees during the year :-
|
|
Company Secretarial & Accountancy Fees |
8,113 |
|
8,100 |
|
|
|
|
|
|
|
|
|