Abbreviated Company Accounts - SHOUSON LTD

06905138 SHOUSON LTD 2014-05-31 false 2013-06-01 2014-05-31 true 06905138 2013-06-01 2014-05-31 06905138 2014-05-31 06905138 2013-05-31 06905138 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 06905138 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 uk-gaap-cd-bus:OrdinaryShareClass2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-05-31 iso4217:GBP shares

Registered Number 06905138

SHOUSON LTD

Abbreviated Accounts

31 May 2014

SHOUSON LTD Registered Number 06905138

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,073,469	1,073,469
		1,073,469	1,073,469
Current assets
Cash at bank and in hand		3,090	3,342
		3,090	3,342
Creditors: amounts falling due within one year		(753,639)	(767,817)
Net current assets (liabilities)		(750,549)	(764,475)
Total assets less current liabilities		322,920	308,994
Total net assets (liabilities)		322,920	308,994
Capital and reserves
Called up share capital	3	2	2
Other reserves		304,000	304,000
Profit and loss account		18,918	4,992
Shareholders' funds		322,920	308,994

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:
Guy Priestley, Director

SHOUSON LTD Registered Number 06905138

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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:

Land and buildings - no depreciation
Fixtures, fittings and equipment - 25% straight line

Other accounting policies
Investment Properties

Completed properties held for long term investments are held at open market value at the balance sheet date.

In accordance with SSAP 19, no depreciation is provided in respect of freehold investment properties and leasehold investment properties with over 20 years to run.

2Tangible fixed assets

	£
Cost
At 1 June 2013	1,076,964
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	1,076,964
Depreciation
At 1 June 2013	3,495
Charge for the year	-
On disposals	-
At 31 May 2014	3,495
Net book values
At 31 May 2014	1,073,469
At 31 May 2013	1,073,469

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

	2014 £	2013 £
1 A Ordinary share of £1 each	1	1
1 B Ordinary shares of £1 each	1	1