Abbreviated Company Accounts - DESPARA LIMITED

04714371 DESPARA LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 04714371 2013-04-01 2014-03-31 04714371 2014-03-31 04714371 2013-03-31 04714371 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 04714371 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 04714371

DESPARA LIMITED

Abbreviated Accounts

31 March 2014

DESPARA LIMITED Registered Number 04714371

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	112,500	112,500
		112,500	112,500
Current assets
Debtors		726	726
		726	726
Creditors: amounts falling due within one year		(80,486)	(85,533)
Net current assets (liabilities)		(79,760)	(84,807)
Total assets less current liabilities		32,740	27,693
Total net assets (liabilities)		32,740	27,693
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		32,738	27,691
Shareholders' funds		32,740	27,693

For the year ending 31 March 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 25 February 2015

And signed on their behalf by:
JUDAH FELDMAN, Director

DESPARA LIMITED Registered Number 04714371

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Turnover policy
The turnover represents rents receivable during the year.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Other accounting policies
Investment properties

The company's investment property is included in the Balance Sheet at historical cost. This is not in accordance with the requirements of Statement of Standard Accounting Practice No 19 which requires such properties to be stated at their open market value.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 April 2013	112,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	112,500
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	112,500
At 31 March 2013	112,500

Fixed assets

All fixed assets are initially recorded at cost.

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

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2