Abbreviated Company Accounts - NICHOLLS INVESTMENT COMPANY (NIC) LIMITED

NICHOLLS INVESTMENT COMPANY (NIC) LIMITED - Company Information

07624001 NICHOLLS INVESTMENT COMPANY (NIC) LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 07624001 2013-06-01 2014-05-31 07624001 2014-05-31 07624001 2013-05-31 07624001 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 07624001 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 07624001

NICHOLLS INVESTMENT COMPANY (NIC) LIMITED

Abbreviated Accounts

31 May 2014

NICHOLLS INVESTMENT COMPANY (NIC) LIMITED Registered Number 07624001

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	51,141	51,141
		51,141	51,141
Current assets
Debtors		11,112	580
Cash at bank and in hand		5,065	12,500
		16,177	13,080
Creditors: amounts falling due within one year		(60,729)	(59,808)
Net current assets (liabilities)		(44,552)	(46,728)
Total assets less current liabilities		6,589	4,413
Total net assets (liabilities)		6,589	4,413
Capital and reserves
Called up share capital	3	1,000	1,000
Other reserves		3,413	5,507
Profit and loss account		2,176	(2,094)
Shareholders' funds		6,589	4,413

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 27 February 2015

And signed on their behalf by:
Alasdair Nicholls, Director

NICHOLLS INVESTMENT COMPANY (NIC) LIMITED Registered Number 07624001

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 receivable for ground rent net of VAT

Tangible assets depreciation policy
Tangible fixed assets other than freehold land 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:

Land and buildings Freehold No depreciation charged

Other accounting policies
CONTROL

The company is under the control of its shareholders A Nicholls, J Nicholls, M Nicholls and S Nicholls

2Tangible fixed assets

	£
Cost
At 1 June 2013	51,141
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	51,141
Depreciation
At 1 June 2013	0
Charge for the year	-
On disposals	-
At 31 May 2014	0
Net book values
At 31 May 2014	51,141
At 31 May 2013	51,141

No depreciation charged

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

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000

4Transactions with directors

Name of director receiving advance or credit:	Alasdair Nicholls
Description of the transaction:	Loan
Balance at 1 June 2013:	£ 0
Advances or credits made:	£ 9,000
Advances or credits repaid:	-
Balance at 31 May 2014:	£ 9,000