Abbreviated Company Accounts - ALBERT DARNELL PROPERTY LIMITED

ALBERT DARNELL PROPERTY LIMITED - Company Information

07956930 ALBERT DARNELL PROPERTY LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 07956930 2014-01-01 2014-12-31 07956930 2014-12-31 07956930 2013-12-31 07956930 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 07956930 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 07956930

ALBERT DARNELL PROPERTY LIMITED

Abbreviated Accounts

31 December 2014

ALBERT DARNELL PROPERTY LIMITED Registered Number 07956930

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	887,340	886,905
		887,340	886,905
Current assets
Debtors		27,912	100
Cash at bank and in hand		55,732	177,085
		83,644	177,185
Creditors: amounts falling due within one year		(789,382)	(975,001)
Net current assets (liabilities)		(705,738)	(797,816)
Total assets less current liabilities		181,602	89,089
Total net assets (liabilities)		181,602	89,089
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		181,502	88,989
Shareholders' funds		181,602	89,089

For the year ending 31 December 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 16 September 2015

And signed on their behalf by:
MG WOODS, Director

ALBERT DARNELL PROPERTY LIMITED Registered Number 07956930

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the rental of property in which the Company holds a 70% interest.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Freehold land and buildings - No depreciation provided

The company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows:

No depreciation is provided in respect of investment properties which are currently held at cost. The property was purchased in 2012 and the directors consider the valuation is still representative of the property's current value. Any future surplus or deficit on revaluation will be transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore 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 which might otherwise have been shown cannot be separately identified or quantified.

2Tangible fixed assets

	£
Cost
At 1 January 2014	886,905
Additions	435
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	887,340
Depreciation
At 1 January 2014	-
Charge for the year	-
On disposals	-
At 31 December 2014	-
Net book values
At 31 December 2014	887,340
At 31 December 2013	886,905

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

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	MG Woods
Description of the transaction:	Director Loan
Balance at 1 January 2014:	£ 100
Advances or credits made:	£ 10,000
Advances or credits repaid:	-
Balance at 31 December 2014:	£ 10,100

No interest is charged in respect of this loan.