Adur Valley Court Lessees Limited - Period Ending 2014-03-25

ADUR VALLEY COURT LESSEES LIMITED - Company Information

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Registration number: 4203059

Adur Valley Court Lessees Limited

Unaudited Abbreviated Accounts

for the Year Ended 25 March 2014

Finch Lynton Limited
Chartered Accountants
2/4 Ash Lane,
Rustington
Littlehampton
West Sussex
BN16 3BZ

Adur Valley Court Lessees Limited
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 3

Adur Valley Court Lessees Limited
(Registration number: 4203059)
Abbreviated Balance Sheet at 25 March 2014

	Note	2014 £	2013 £
Fixed assets
Tangible fixed assets		4,478	3,463
Current assets
Debtors		403	1,910
Cash at bank and in hand		27,786	26,734
		28,189	28,644
Creditors: Amounts falling due within one year		(1,094)	(1,070)
Net current assets		27,095	27,574
Net assets		31,573	31,037
Capital and reserves
Called up share capital	3	52	52
Profit and loss account		31,521	30,985
Shareholders' funds		31,573	31,037

For the year ending 25 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 8 August 2014 and signed on its behalf by:

.........................................
A J Burt
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Adur Valley Court Lessees Limited
Notes to the Abbreviated Accounts for the Year Ended 25 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Departures from Companies Act requirements

The freehold property represents the cost attributable to two flats owned by non-contributing tenants who have not yet extended their leases, for which a fee will be payable. On this basis, the estimated residual value is not less than the carrying value. Therefore, no depreciation is charged as it is not material. This non-compliance with Companies Act 1985 requirement to provide depreciation in respect of all fixed assets having a limited useful economic life is justified by the overriding requirement for the accounts to show a true and fair view.

Turnover

Turnover represents amounts chargeable to the Maintenance Accounts in respect of management charges.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 26 March 2013	3,463	3,463
Additions	1,015	1,015
At 25 March 2014	4,478	4,478
Depreciation
At 25 March 2014	-	-
Net book value
At 25 March 2014	4,478	4,478
At 25 March 2013	3,463	3,463

Page 2

Adur Valley Court Lessees Limited
Notes to the Abbreviated Accounts for the Year Ended 25 March 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014			2013
		No.	£		No.	£
Ordinary shares of £1 each		52	52		52	52

Control

The company is controlled by the shareholders.

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