Mount Vernon Property Investments Limite - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC332274 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2014

for

Mount Vernon Property Investments

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R W McClymont

A Clydesdale

Mrs M E Clydesdale

SECRETARY:

R W McClymont

REGISTERED OFFICE:

3 Wellington Square

Ayr

KA7 1EN

REGISTERED NUMBER:

SC332274 (Scotland)

ACCOUNTANTS:

Sinclair Scott Chartered Accountants

3 Wellington Square

Ayr

Ayrshire

KA7 1EN

CURRENT ASSETS

Stocks

68,021

68,021

Cash at bank

23

33

68,044

68,054

CREDITORS

Amounts falling due within one year

71,009

70,616

NET CURRENT LIABILITIES

(2,965

)

(2,562

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,965

)

(2,562

)

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

(3,065

)

(2,662

)

SHAREHOLDERS' FUNDS

(2,965

)

(2,562

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 July 2015 and were signed on its behalf by:

R W McClymont - Director

1.	ACCOUNTING POLICIES

Accounting convention

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).

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES