Abbreviated Company Accounts - MORTON ESTATES (READING) LIMITED

MORTON ESTATES (READING) LIMITED - Company Information

Registered Number 00721904

MORTON ESTATES (READING) LIMITED

Abbreviated Accounts

30 June 2014

MORTON ESTATES (READING) LIMITED Registered Number 00721904

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	586	1,202
Investments	3	59,133	31,492
		59,719	32,694
Current assets
Debtors		665	10,665
Cash at bank and in hand		3,216	110,985
		3,881	121,650
Creditors: amounts falling due within one year		(1,654)	(2,545)
Net current assets (liabilities)		2,227	119,105
Total assets less current liabilities		61,946	151,799
Total net assets (liabilities)		61,946	151,799
Capital and reserves
Called up share capital		100	100
Profit and loss account		61,846	151,699
Shareholders' funds		61,946	151,799

For the year ending 30 June 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 31 August 2014

And signed on their behalf by:
C S Morton, Director

MORTON ESTATES (READING) LIMITED Registered Number 00721904

Notes to the Abbreviated Accounts for the period ended 30 June 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
The turnover represents amounts chargeable to the letting of properties together with fees and commissions excluding value added tax.

Tangible assets depreciation policy
Depreciation of tangible fixed assets is provided on a straight line basis, calculated at annual rates estimated to write off each asset over the term of its useful life. The rates in use are as follows:-

Furniture and Office equipment 33% on cost

2Tangible fixed assets

	£
Cost
At 1 July 2013	2,467
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	2,467
Depreciation
At 1 July 2013	1,265
Charge for the year	616
On disposals	-
At 30 June 2014	1,881
Net book values
At 30 June 2014	586
At 30 June 2013	1,202

3Fixed assets Investments
Listed Investments

Listed investments comprise of the cost of investments, listed on the London Stock Exchange, the market value (given by Barclays Stockbrokers on 5 July 2014) amounted to £51,265 (2013: £26,148)