Abbreviated Company Accounts - FAWNRACE LIMITED

Registered Number 01820426

FAWNRACE LIMITED

Abbreviated Accounts

31 March 2015

FAWNRACE LIMITED Registered Number 01820426

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,000,000	745,234
		2,000,000	745,234
Current assets
Debtors		129,756	36,440
Cash at bank and in hand		46,116	73,286
		175,872	109,726
Creditors: amounts falling due within one year		(35,822)	(26,465)
Net current assets (liabilities)		140,050	83,261
Total assets less current liabilities		2,140,050	828,495
Total net assets (liabilities)		2,140,050	828,495
Capital and reserves
Called up share capital		1,000	1,000
Revaluation reserve		1,254,766	-
Profit and loss account		884,284	827,495
Shareholders' funds		2,140,050	828,495

For the year ending 31 March 2015 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 17 September 2015

And signed on their behalf by:
I A Sudwarts, Director

FAWNRACE LIMITED Registered Number 01820426

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 amounts receivable for goods and services net of VAT and trade discounts.

2Tangible fixed assets

	£
Cost
At 1 April 2014	745,234
Additions	-
Disposals	-
Revaluations	1,254,766
Transfers	-
At 31 March 2015	2,000,000
Depreciation
At 1 April 2014	-
Charge for the year	-
On disposals	-
At 31 March 2015	-
Net book values
At 31 March 2015	2,000,000
At 31 March 2014	745,234