Medical Property Developments Limited - Limited company - abbreviated - 11.6

Medical Property Developments Limited - Limited company - abbreviated - 11.6

MEDICAL PROPERTY DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 01629616 (England and Wales)












MEDICAL PROPERTY DEVELOPMENTS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015













MEDICAL PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01629616)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

MEDICAL PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01629616)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

2015 2014
Notes £    £   
FIXED ASSETS
Tangible assets 2 87 116
Investment property 3 1,200,000 1,200,000
1,200,087 1,200,116

CURRENT ASSETS
Debtors 12,631 13,731
Cash at bank 14,781 11,289
27,412 25,020
CREDITORS
Amounts falling due within one year 4 (90,010 ) (110,525 )
NET CURRENT LIABILITIES (62,598 ) (85,505 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,137,489
1,114,611

CREDITORS
Amounts falling due after more than one
year
4
(54,386		 )
(64,128		 )
NET ASSETS 1,083,103 1,050,483

CAPITAL AND RESERVES
Called up share capital 5 1,200 1,200
Revaluation reserve 538,187 538,187
Profit and loss account 543,716 511,096
SHAREHOLDERS' FUNDS 1,083,103 1,050,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 notes form part of these abbreviated accounts

Page 1 continued...
MEDICAL PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01629616)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2015


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 28 August 2015 and were signed on its behalf by:





P A Bauchop - Director


The notes form part of these abbreviated accounts

Page 2
MEDICAL PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01629616)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April
2008).

Turnover
Turnover represents rents receivable in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% Reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

In accordance with the Financial Reporting Standard for Smaller Entities, no depreciation is provided in respect
of investment properties. This is a departure from the requirements of the Companies Act 2006, which requires
all assets to be depreciated. These properties are held for investment purposes only and the directors consider
that to depreciate them would not give a true and fair view. Depreciation is only one of many factors reflected in
the valuation of these properties and accordingly the amount of depreciation that might otherwise have been
charged cannot be separately identified or quantified. The directors consider that this policy results in the
financial statements giving a true and fair view.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 791
DEPRECIATION
At 1 April 2014 675
Charge for year 29
At 31 March 2015 704
NET BOOK VALUE
At 31 March 2015 87
At 31 March 2014 116

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MEDICAL PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 01629616)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2015


3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2014
and 31 March 2015 1,200,000
NET BOOK VALUE
At 31 March 2015 1,200,000
At 31 March 2014 1,200,000

4. CREDITORS

Creditors include an amount of £ 65,584 (2014 - £ 75,326 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
1,200 Ordinary £1 1,200 1,200

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