Accounts filed on 30-09-2014
Accounts filed on 30-09-2014
trueM & R Property Development Limited045465082014-09-3028846032270828846132270911288461322709288461322709-11539-47911153931791027000027000300000327500027500300000300000Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Domain name- amortised over 5 years
Depreciation
The Leasehold Property is maintained in a state of good repair and it is
considered that the residual value is such that any depreciation is not
significant.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
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 have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:
from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
5000050000500002250027500300000300000350000350000500002250027500Ordinary1000110001000Ordinary1111At the balance sheet date the company owed R Zapolski £2,703 (2013 £6,658).
The loan is interest free with no fixed date for repayment.
During the year R Zapolski received a dividend of £28,000 (2013 £35,000).Control
The company was controlled by R Zapolski who held 100% of the share capital.2015-06-23R Zapolskitruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureM & R Property Development Limited2013-10-012014-09-30M & R Property Development Limited2012-10-012013-09-30M & R Property Development Limited2012-09-30M & R Property Development Limited2013-09-30M & R Property Development Limited2013-09-30M & R Property Development Limited2014-09-30 2015-06-29
