Abbreviated Company Accounts - FRANKOPAN RIBNIK LIMITED

FRANKOPAN RIBNIK LIMITED - Company Information

04478475 FRANKOPAN RIBNIK LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true 04478475 2013-11-01 2014-10-31 04478475 2014-10-31 04478475 2013-10-31 04478475 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 04478475 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 iso4217:GBP shares

Registered Number 04478475

FRANKOPAN RIBNIK LIMITED

Abbreviated Accounts

31 October 2014

FRANKOPAN RIBNIK LIMITED Registered Number 04478475

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	150,000	150,000
		150,000	150,000
Current assets
Debtors		1	1
		1	1
Net current assets (liabilities)		1	1
Total assets less current liabilities		150,001	150,001
Total net assets (liabilities)		150,001	150,001
Capital and reserves
Called up share capital	3	1	1
Revaluation reserve		150,000	150,000
Shareholders' funds		150,001	150,001

For the year ending 31 October 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 20 July 2015

And signed on their behalf by:
Prince Peter de Frankopan, Director

FRANKOPAN RIBNIK LIMITED Registered Number 04478475

Notes to the Abbreviated Accounts for the period ended 31 October 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.

Tangible assets depreciation policy
Tangible fixed assets are made up of investment property valued by the directors on an open market value basis. Any surplus or deficit on revaluation is transferred to the investment revaluation reserve. Any deficit which is regarded as a permanent diminution is charged to the profit and loss account. No depreciation is provided in respect of investment property.

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 2006 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.

Other accounting policies
Profit and loss account
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

2Tangible fixed assets

	£
Cost
At 1 November 2013	150,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	150,000
Depreciation
At 1 November 2013	-
Charge for the year	-
On disposals	-
At 31 October 2014	-
Net book values
At 31 October 2014	150,000
At 31 October 2013	150,000

The investment property was valued by the directors as at 31 October 2014, on an open market basis. No depreciation is provided in respect of this property.

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1