TELLWRIGHT_&_PINNER_LIMIT - Accounts


Company Registration No. 00329263 (England and Wales)
TELLWRIGHT & PINNER LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
TELLWRIGHT & PINNER LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
TELLWRIGHT & PINNER LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
431,682
476,282
Current assets
Debtors
-
38,661
Cash at bank and in hand
81,733
41,978
81,733
80,639
Creditors: amounts falling due within one year
(6,061)
(10,861)
Net current assets
75,672
69,778
Total assets less current liabilities
507,354
546,060
Capital and reserves
Called up share capital
3
1,595
1,595
Revaluation reserve
418,181
463,181
Other reserves
7
7
Profit and loss account
87,571
81,277
Shareholders' funds
507,354
546,060
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 June 2015
Mrs J Tellwright
Director
Company Registration No. 00329263
TELLWRIGHT & PINNER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets include investment properties professionally valued by the Directors on an open market value basis. Other tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
10% per annum on the written down value
Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the applicable accounting standard, SSAP 19, Accounting for investment properties, it is a departure from the general requirement of the Companies Act 1985 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
TELLWRIGHT & PINNER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 April 2014
483,997
Additions
587
Revaluation
(45,000)
At 31 March 2015
439,584
Depreciation
At 1 April 2014
7,715
Charge for the year
187
At 31 March 2015
7,902
Net book value
At 31 March 2015
431,682
At 31 March 2014
476,282
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,595 Ordinary Shares of £1 each
1,595
1,595
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