Abbreviated Company Accounts - FINELEAF LTD

Registered Number 04008955

FINELEAF LTD

Abbreviated Accounts

30 June 2014

FINELEAF LTD Registered Number 04008955

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	400,063	400,084
		400,063	400,084
Current assets
Debtors		2,980	3,772
Cash at bank and in hand		4,219	3,478
		7,199	7,250
Creditors: amounts falling due within one year		(107,157)	(111,977)
Net current assets (liabilities)		(99,958)	(104,727)
Total assets less current liabilities		300,105	295,357
Creditors: amounts falling due after more than one year		(178,750)	(178,750)
Total net assets (liabilities)		121,355	116,607
Capital and reserves
Called up share capital		2	2
Revaluation reserve		88,884	88,884
Profit and loss account		32,469	27,721
Shareholders' funds		121,355	116,607

For the year ending 30 June 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:
A Fogel, Director

FINELEAF LTD Registered Number 04008955

Notes to the Abbreviated Accounts for the period ended 30 June 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 rents and similar charges exclusive of VAT.

Tangible assets depreciation policy
Depreciation is provided after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures and Fittings 25% reducing balance

Other accounting policies
Investment properties are revalued annually and the aggregate surplus or deficit transferred to the revaluation reserve except where any deficit is deemed permanent when it is taken to the Profit and Loss Account. No provision is made for depreciation of investment properties. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view. The depreciation charge is only one of the factors reflected in the annual valuation and, therefore, the effect of the departure cannot be readily quantified. The directors consider that this policy results in the accounts giving a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 July 2013	402,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	402,000
Depreciation
At 1 July 2013	1,916
Charge for the year	21
On disposals	-
At 30 June 2014	1,937
Net book values
At 30 June 2014	400,063
At 30 June 2013	400,084