Abbreviated Company Accounts - DINTON PROPERTIES LIMITED

DINTON PROPERTIES LIMITED - Company Information

Registered Number 04348569

DINTON PROPERTIES LIMITED

Abbreviated Accounts

31 December 2014

DINTON PROPERTIES LIMITED Registered Number 04348569

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	3,074,426	2,127,052
		3,074,426	2,127,052
Current assets
Stocks		7,580	8,000
Debtors		4,526	77,558
Cash at bank and in hand		108,209	-
		120,315	85,558
Creditors: amounts falling due within one year		(326,643)	(275,644)
Net current assets (liabilities)		(206,328)	(190,086)
Total assets less current liabilities		2,868,098	1,936,966
Creditors: amounts falling due after more than one year		(733,067)	(797,064)
Provisions for liabilities		(20,041)	(16,826)
Accruals and deferred income		(1,071)	(1,645)
Total net assets (liabilities)		2,113,919	1,121,431
Capital and reserves
Called up share capital		100	100
Revaluation reserve		1,928,897	975,000
Profit and loss account		184,922	146,331
Shareholders' funds		2,113,919	1,121,431

For the year ending 31 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 15 June 2015

And signed on their behalf by:
Jon Bush, Director

DINTON PROPERTIES LIMITED Registered Number 04348569

Notes to the Abbreviated Accounts for the period ended 31 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 the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Land and buildings straight line over 50 years. Plant and machinery 10% reducing balance. Fixtures, fittings and equipment 10% reducing balance. Land is not depreciated.

Other accounting policies
Leasing and hire purchase commitments. Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.
Stock. Stock is valued at the lower of cost and net realisable value.
Government grants. Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

2Tangible fixed assets

	£
Cost
At 1 January 2014	2,461,164
Additions	979,161
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	3,440,325
Depreciation
At 1 January 2014	334,112
Charge for the year	31,787
On disposals	-
At 31 December 2014	365,899
Net book values
At 31 December 2014	3,074,426
At 31 December 2013	2,127,052