Abbreviated Company Accounts - MANSION GATE HOUSE LIMITED

Abbreviated Company Accounts - MANSION GATE HOUSE LIMITED

MANSION GATE HOUSE LIMITED - Company Information

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Registered Number 04246383

MANSION GATE HOUSE LIMITED

Abbreviated Accounts

31 July 2014

MANSION GATE HOUSE LIMITED Registered Number 04246383

Abbreviated Balance Sheet as at 31 July 2014

Notes 2014 2013
£ £
Current assets
Stocks 1,099,328 1,094,216
Debtors 18 29
Cash at bank and in hand 427 2
1,099,773 1,094,247
Creditors: amounts falling due within one year (335,381) (350,960)
Net current assets (liabilities) 764,392 743,287
Total assets less current liabilities 764,392 743,287
Creditors: amounts falling due after more than one year (1,299,117) (1,277,999)
Total net assets (liabilities) (534,725) (534,712)
Capital and reserves
Called up share capital 2 2
Profit and loss account (534,727) (534,714)
Shareholders' funds (534,725) (534,712)
  • For the year ending 31 July 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 15 April 2015

And signed on their behalf by:
J I WINE, Director

MANSION GATE HOUSE LIMITED Registered Number 04246383

Notes to the Abbreviated Accounts for the period ended 31 July 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).

The financial statements have been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed his ongoing support.

Valuation information and policy
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate.

Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items