Abbreviated Company Accounts - MELVIEW LIMITED

Registered Number 03559660

MELVIEW LIMITED

Abbreviated Accounts

23 December 2014

MELVIEW LIMITED Registered Number 03559660

Abbreviated Balance Sheet as at 23 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	11,114,915	9,498,265
		11,114,915	9,498,265
Current assets
Debtors		62,117	60,964
Cash at bank and in hand		110,280	101,330
		172,397	162,294
Creditors: amounts falling due within one year		(2,537,883)	(3,131,980)
Net current assets (liabilities)		(2,365,486)	(2,969,686)
Total assets less current liabilities		8,749,429	6,528,579
Creditors: amounts falling due after more than one year		(6,436,202)	(4,578,549)
Total net assets (liabilities)		2,313,227	1,950,030
Capital and reserves
Called up share capital		100	100
Revaluation reserve		1,250,301	950,301
Profit and loss account		1,062,826	999,629
Shareholders' funds		2,313,227	1,950,030

For the year ending 23 December 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 7 May 2015

And signed on their behalf by:
Mr A Low, Director

MELVIEW LIMITED Registered Number 03559660

Notes to the Abbreviated Accounts for the period ended 23 December 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 24 December 2013	9,499,777
Additions	1,316,665
Disposals	-
Revaluations	300,000
Transfers	-
At 23 December 2014	11,116,442
Depreciation
At 24 December 2013	1,512
Charge for the year	15
On disposals	-
At 23 December 2014	1,527
Net book values
At 23 December 2014	11,114,915
At 23 December 2013	9,498,265