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REGISTERED NUMBER: 08886529 (England and Wales)












Abbreviated Unaudited Accounts

for the Period

11 February 2014 to 31 March 2015

for

Shays Assets Limited

Shays Assets Limited (Registered number: 08886529)






Contents of the Abbreviated Accounts
for the Period 11 February 2014 to 31 March 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Shays Assets Limited

Company Information
for the Period 11 February 2014 to 31 March 2015







DIRECTOR: R A Hall





REGISTERED OFFICE: The Old Tannery
Eastgate
Accrington
Lancashire
BB5 6PW





REGISTERED NUMBER: 08886529 (England and Wales)





ACCOUNTANTS: Haworths Limited
Chartered Accountants
The Old Tannery
Eastgate
Accrington
Lancashire
BB5 6PW

Shays Assets Limited (Registered number: 08886529)

Abbreviated Balance Sheet
31 March 2015

Notes £    £   
FIXED ASSETS
Investments 2 100

CURRENT ASSETS
Debtors 907,033
Cash at bank 2,738
909,771
CREDITORS
Amounts falling due within one year 424,673
NET CURRENT ASSETS 485,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

485,198

CAPITAL AND RESERVES
Called up share capital 3 485,100
Profit and loss account 98
SHAREHOLDERS' FUNDS 485,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 3 November 2015 and were signed by:





R A Hall - Director


Shays Assets Limited (Registered number: 08886529)

Notes to the Abbreviated Accounts
for the Period 11 February 2014 to 31 March 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements
The financial statements contain information about Shays Assets 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

Investments in subsidiaries
Investments in subsidiary undertakings are stated at cost less provision for any permanent diminution in value.

2. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
Additions 100
At 31 March 2015 100
NET BOOK VALUE
At 31 March 2015 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

North West Asset Finance Limited
Nature of business: Money lender
%
Class of shares: holding
Ordinary £1 100.00
2015
£   
Aggregate capital and reserves 133,445
Profit for the period 144,345

Shays Assets Limited (Registered number: 08886529)

Notes to the Abbreviated Accounts - continued
for the Period 11 February 2014 to 31 March 2015

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
90 Ordinary A £1 90
10 Ordinary B £1 10
485,000 Redeemable preference £1 485,000
485,100

485,000 Redeemable preference shares of £1 each were allotted and fully paid for cash at par during the period.

The redeemable preference shares are redeemable, at par, at any time after the date of allotment.