Abbreviated Company Accounts - AMADEUS PROPERTIES LIMITED

Abbreviated Company Accounts - AMADEUS PROPERTIES LIMITED

AMADEUS PROPERTIES LIMITED - Company Information

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Registered Number 00918453

AMADEUS PROPERTIES LIMITED

Abbreviated Accounts

31 March 2014

AMADEUS PROPERTIES LIMITED Registered Number 00918453

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Current assets
Stocks 9,116,963 10,397,690
Debtors 304,367 208,593
Cash at bank and in hand 1,007,369 156,810
10,428,699 10,763,093
Creditors: amounts falling due within one year 2 (9,429,433) (4,296,344)
Net current assets (liabilities) 999,266 6,466,749
Total assets less current liabilities 999,266 6,466,749
Creditors: amounts falling due after more than one year 2 0 (3,950,000)
Total net assets (liabilities) 999,266 2,516,749
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 999,166 2,516,649
Shareholders' funds 999,266 2,516,749
  • For the year ending 31 March 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 28 July 2014

And signed on their behalf by:
C. R. Godfrey, Director
W. Stanton, Director

AMADEUS PROPERTIES LIMITED Registered Number 00918453

Notes to the Abbreviated Accounts for the period ended 31 March 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 value of sales of properties, net of value added tax, recognised for properties where completion occurs during the year.

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
Deferred tax
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the Financial Reporting Standard for Smaller Entities (effective April 2008).
Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
Pensions
The company makes contributions to the defined contribution pension schemes of its employees. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the schemes.

2Creditors
2014
£		 2013
£
Secured Debts 3,950,000 4,225,000
Instalment debts due after 5 years 0 2,850,000
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
100 Ordinary shares of £1 each 100 100