Abbreviated Company Accounts - LIBERUM PROPERTY LTD

LIBERUM PROPERTY LTD - Company Information

08079013 LIBERUM PROPERTY LTD 2014-05-31 false 2013-06-01 2014-05-31 true 08079013 2013-06-01 2014-05-31 08079013 2014-05-31 08079013 2013-05-31 08079013 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 08079013 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 08079013

LIBERUM PROPERTY LTD

Abbreviated Accounts

31 May 2014

LIBERUM PROPERTY LTD Registered Number 08079013

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	633	-
		633	-
Current assets
Debtors		107	1
Cash at bank and in hand		69,996	-
		70,103	1
Creditors: amounts falling due within one year		(31,604)	-
Net current assets (liabilities)		38,499	1
Total assets less current liabilities		39,132	1
Provisions for liabilities		(127)	-
Total net assets (liabilities)		39,005	1
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		39,004	-
Shareholders' funds		39,005	1

For the year ending 31 May 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 5 February 2015

And signed on their behalf by:
K Singh, Director

LIBERUM PROPERTY LTD Registered Number 08079013

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover, which arises from the company's principal activity, is recognised periodically on the completion of each assignment and is shown net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 33% reducing balance

2Tangible fixed assets

	£
Cost
At 1 June 2013	-
Additions	949
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	949
Depreciation
At 1 June 2013	-
Charge for the year	316
On disposals	-
At 31 May 2014	316
Net book values
At 31 May 2014	633
At 31 May 2013	-

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1