Abbreviated Company Accounts - SKYRISE ESTATES LIMITED
Abbreviated Company Accounts - SKYRISE ESTATES LIMITED
Registered Number 08639461
SKYRISE ESTATES LIMITED
Abbreviated Accounts
31 August 2014
SKYRISE ESTATES LIMITED Registered Number 08639461
Abbreviated Balance Sheet as at 31 August 2014
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Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Cash at bank and in hand |
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Creditors: amounts falling due within one year | 3 |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 3 |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 August 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
And signed on their behalf by:
SKYRISE ESTATES LIMITED Registered Number 08639461
Notes to the Abbreviated Accounts for the period ended 31 August 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Land and buildings - No depreciation is charged.
Other accounting policies
Compliance with the FRSSE paragraph 6.50 is a departure from the Companies Act 2006 necessary to give a true and fair view. The Companies Act 2006 requires tangible fixed assets to be depreciated systematically over their useful economic lives. However, investment properties are held for investment rather than consumption; the directors therefore consider that depreciation on a systematic basis would not be appropriate in this case and that the accounting policy adopted is necessary for the accounts to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.
Deferred taxation:
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, where transactions or events that result in an obligation to pay more or a right to pay less tax in the future have occurred by the balance sheet date with certain limited exceptions.
Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws enacted at the balance sheet date.
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Cost | |
Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 August 2014 |
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Depreciation | |
Charge for the year |
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On disposals |
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At 31 August 2014 |
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Net book values | |
At 31 August 2014 | 225,085 |
2014
£ |
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Secured Debts |
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