Abbreviated Company Accounts - NORTHLANDS PROPERTIES LIMITED

Abbreviated Company Accounts - NORTHLANDS PROPERTIES LIMITED

NORTHLANDS PROPERTIES LIMITED - Company Information

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Registered Number SC195787

NORTHLANDS PROPERTIES LIMITED

Abbreviated Accounts

31 May 2014

NORTHLANDS PROPERTIES LIMITED Registered Number SC195787

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 778,148 804,205
778,148 804,205
Current assets
Debtors 921 339
Cash at bank and in hand 89,966 123,584
90,887 123,923
Creditors: amounts falling due within one year (712,971) (727,744)
Net current assets (liabilities) (622,084) (603,821)
Total assets less current liabilities 156,064 200,384
Provisions for liabilities (177) (177)
Total net assets (liabilities) 155,887 200,207
Capital and reserves
Called up share capital 29,588 29,588
Profit and loss account 126,299 170,619
Shareholders' funds 155,887 200,207
  • 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 24 February 2015

And signed on their behalf by:
G SUTHERLAND, Director
S SUTHERLAND, Director

NORTHLANDS PROPERTIES LIMITED Registered Number SC195787

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.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life as follows:
Fixtures and fittings - 10% on cost
Motor vehicles - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 June 2013 817,578
Additions -
Disposals (25,030)
Revaluations -
Transfers -
At 31 May 2014 792,548
Depreciation
At 1 June 2013 13,373
Charge for the year 1,027
On disposals -
At 31 May 2014 14,400
Net book values
At 31 May 2014 778,148
At 31 May 2013 804,205