Online Property Limited - Limited company - abbreviated - 11.0.0
Online Property Limited - Limited company - abbreviated - 11.0.0
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2013 |
FOR |
ONLINE PROPERTY LIMITED |
ONLINE PROPERTY LIMITED (REGISTERED NUMBER: 05983544) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2013 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
ONLINE PROPERTY LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2013 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
ONLINE PROPERTY LIMITED (REGISTERED NUMBER: 05983544) |
ABBREVIATED BALANCE SHEET |
30 SEPTEMBER 2013 |
2013 | 2012 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 2 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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 financial statements were approved by the director on |
ONLINE PROPERTY LIMITED (REGISTERED NUMBER: 05983544) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2013 |
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). |
Turnover |
Turnover represents the value of work completed during the year excluding value added taxes. |
Profit is recognised as a percentage of work certified at the year-end date where profitability can be assured with |
reasonable certainty. |
Turnover includes the sale of land, completed developments and the proportion of sales where contracts have |
been exchanged that relates to the state of completion of developments together with amounts invoiced or |
certified for the year for contract building work and fees. |
Stock and work in progress |
Work in progress is valued at the lower of cost and net realisable value. |
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
Contracts where the work is expected to extend for a period exceeding one year, are valued at cost plus |
attributable profit less any foreseeable losses. Attributable profit is that amount which is estimated to reflect |
fairly the profit arising on the current contracts up to the balance sheet date. Foreseeable losses are those, which |
are currently estimated to arise over the duration of existing contracts after taking into account costs, including |
appropriate overheads to be incurred in the future. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
2. | CREDITORS |
Creditors include an amount of £ |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2013 | 2012 |
value: | £ | £ |
Ordinary | 1 |