| Tiptop Property (M/c) Ltd |
| Registered number: |
05585531 |
| Abbreviated Balance Sheet |
| as at 31 October 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
247,352 |
|
|
247,352 |
|
| Current assets |
| Debtors |
|
|
1,769 |
|
|
980 |
| Cash at bank and in hand |
|
|
20,821 |
|
|
4,022 |
|
|
|
22,590 |
|
|
5,002 |
|
| Creditors: amounts falling due within one year |
|
|
(31,098) |
|
|
(22,223) |
|
| Net current liabilities |
|
|
|
(8,508) |
|
|
(17,221) |
|
| Total assets less current liabilities |
|
|
|
238,844 |
|
|
230,131 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(217,029) |
|
|
(217,029) |
|
|
|
| Net assets |
|
|
|
21,815 |
|
|
13,102 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Revaluation reserve |
|
|
|
14,329 |
|
|
14,329 |
| Profit and loss account |
|
|
|
7,484 |
|
|
(1,229) |
|
| Shareholder's funds |
|
|
|
21,815 |
|
|
13,102 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| E Goldschmit |
| Director |
| Approved by the board on 5 July 2015 |
|
| Tiptop Property (M/c) Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 October 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Valuation of Investment Properties |
|
Investment Properties are included in the Accounts at a Valuation carried out by the |
|
Director in accordance with Statement of Standard Accounting Practice Number 19. |
|
Depreciation |
|
Depreciation has not been provided on Investment Properties in accordance with |
|
Statement of Standard Accounting Practice Number 19. |
|
Depreciation on other tangible assets is calculated at rates estimated to write off the |
|
cost of those tangible assets over their expected useful lives as follows: |
|
|
Going Concern |
|
The accounts have been prepared on a going concern basis as the directors have been |
|
assured of the continuing support from the Company's creditors. |
|
|
|
|
|
|
|
|
|
|
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2013 |
247,352 |
|
At 31 October 2014 |
247,352 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 October 2014 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2014 |
247,352 |
|
At 31 October 2013 |
247,352 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
