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Abbreviated Accounts for the Year Ended 31 March 2016 |
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Community Focus Properties Limited |
REGISTERED NUMBER:
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Abbreviated Accounts for the Year Ended 31 March 2016 |
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for |
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Community Focus Properties Limited |
Community Focus Properties Limited (Registered number: 04838218) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 March 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 | 4 |
Community Focus Properties Limited |
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Company Information |
for the Year Ended 31 March 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 Certified Accountants |
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Community Focus Properties Limited (Registered number: 04838218) |
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Abbreviated Balance Sheet |
31 March 2016 |
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31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investment property | 3 |
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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 | 4 |
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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 |
4 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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Community Focus Properties Limited (Registered number: 04838218) |
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Abbreviated Balance Sheet - continued |
31 March 2016 |
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31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 5 |
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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 |
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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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Community Focus Properties Limited (Registered number: 04838218) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 March 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 |
Turnover represents rents receivable, excluding value added tax. |
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Tangible fixed assets |
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Plant & machinery | - |
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Fixtures & fittings | - |
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Computer equipment | - |
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Investment property |
The company's investment properties are revalued periodically and the aggregate surplus or deficit is |
transferred to the company's revaluation reserve. |
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Deferred tax |
If the properties were disposed of at market value, a tax liability would arise, but as there is no |
intention of disposing of any of the properties in the foreseeable future, no provision for deferred tax |
has been made relevant to the properties.Deferred tax has been provided for other fixed asset classes. |
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Depreciation |
Depreciation is not provided in respect of the company's investment properties, which are reflected at |
valuation. This treatment has been adopted to comply with the requirements of the Financial |
Reporting Standard for Smaller Entities (effective January 2015) for investment purposes. |
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Although this is a departure from the accounting requirements of the Companies Act 2006, which |
requires such properties to be depreciated, the directors consider the departure in this regard justified |
on the grounds of compliance with the Accounting Standard and the overriding requirement under the |
Companies Act 2006 for the financial statements to show a true and fair view. |
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If this departure from the Companies Act 2006 had not been made, the profit for the financial year |
would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be |
quantified, because depreciation is only one of the many factors reflected in the valuation of the |
properties and the amount which might otherwise have been shown cannot be separately identified or |
quantified. |
Community Focus Properties Limited (Registered number: 04838218) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
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Additions |
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At 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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3. | INVESTMENT PROPERTY |
Total |
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COST OR VALUATION |
At 1 April 2015 |
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Revaluations |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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4. | CREDITORS |
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Creditors include an amount of £
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given. |
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They also include the following debts falling due in more than five years: |
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31.3.16 | 31.3.15 |
£ | £ |
Repayable by instalments | 1,473,164 | 1,525,947 |
Community Focus Properties Limited (Registered number: 04838218) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
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Ordinary | £1 |
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