Solent City Developments Limited - Limited company - abbreviated - 11.6
Solent City Developments Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| FOR |
| SOLENT CITY DEVELOPMENTS LIMITED |
| SOLENT CITY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03029917) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 MARCH 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| SOLENT CITY DEVELOPMENTS LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 MARCH 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| SOLENT CITY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03029917) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2015 |
| 31.3.15 | 31.3.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors on |
| SOLENT CITY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03029917) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 MARCH 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
| 2008). |
| Turnover |
| Turnover represents the net rental income from investment properties, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investment property |
| In previous years in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), |
| (i) investment properties were revalued annually and the aggregate surplus or deficit is transferred to a |
| revaluation reserve, and (ii) no depreciation was provided in respect of freehold investment properties. The |
| requirement of the Companies Act 2006 is to depreciate all properties, but that requirement conflicts with the |
| generally accepted accounting principle set out in the Financial Reporting Standard fo Smaller Entities (effective |
| April 2008). The Directors consider that to depreciate such properties would not give a true and fair view, but that |
| a true and fair view is given by following the Financial Reporting Standard for Smaller Entities (effective April |
| 2008) as described above. If this departure had not been made the profit for the financial year would have been |
| reduced by depreciation on the revalued properties of £31,945 (2014: £31,945). |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 |
| DEPRECIATION |
| At 1 April 2014 |
| and 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 April 2014 |
| and 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 31.3.15 | 31.3.14 |
| £ | £ |
| Repayable by instalments | 121,303 | 134,548 |
| SOLENT CITY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03029917) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 MARCH 2015 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.15 | 31.3.14 |
| value: | £ | £ |
| Ordinary | £1 |