Abbreviated Company Accounts - IMPERIAL (SOUTH WEST) LTD

IMPERIAL (SOUTH WEST) LTD - Company Information

01945935 IMPERIAL (SOUTH WEST) LTD 2014-05-31 false 2013-06-01 2014-05-31 true 01945935 2013-06-01 2014-05-31 01945935 2014-05-31 01945935 2013-05-31 01945935 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 01945935 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:Director3 2013-06-01 2014-05-31 uk-gaap-cd-bus:Director3 2014-05-31 uk-gaap-cd-bus:Director3 2013-05-31 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 01945935

IMPERIAL (SOUTH WEST) LTD

Abbreviated Accounts

31 May 2014

IMPERIAL (SOUTH WEST) LTD Registered Number 01945935

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,834,128	2,773,375
		2,834,128	2,773,375
Current assets
Debtors		61,814	45,830
		61,814	45,830
Creditors: amounts falling due within one year	3	(61,310)	(45,083)
Net current assets (liabilities)		504	747
Total assets less current liabilities		2,834,632	2,774,122
Creditors: amounts falling due after more than one year	3	(147,506)	(117,505)
Total net assets (liabilities)		2,687,126	2,656,617
Capital and reserves
Called up share capital	4	100	100
Revaluation reserve		1,917,716	1,917,716
Profit and loss account		769,310	738,801
Shareholders' funds		2,687,126	2,656,617

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 20 February 2015

And signed on their behalf by:
Mr P F R Hawkins, Director

IMPERIAL (SOUTH WEST) LTD Registered Number 01945935

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 represents amounts chargeable, net of value added tax, in respect of rental income and the sale of goods and services to customers

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life.

Valuation information and policy
Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE as follows: No depreciation is provided in respect of investment properties and they are revalued annually.

2Tangible fixed assets

	£
Cost
At 1 June 2013	2,804,063
Additions	64,096
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	2,868,159
Depreciation
At 1 June 2013	30,688
Charge for the year	3,343
On disposals	-
At 31 May 2014	34,031
Net book values
At 31 May 2014	2,834,128
At 31 May 2013	2,773,375

3Creditors

	2014 £	2013 £
Instalment debts due after 5 years	69,506	-

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

5Transactions with directors

Name of director receiving advance or credit:	Mr P F R Hawkins
Description of the transaction:	Loan account
Balance at 1 June 2013:	£ 14,038
Advances or credits made:	-
Advances or credits repaid:	£ 4,106
Balance at 31 May 2014:	£ 9,932