Abbreviated Company Accounts - SHINELOCH LIMITED

Registered Number 07111562

SHINELOCH LIMITED

Abbreviated Accounts

31 December 2014

SHINELOCH LIMITED Registered Number 07111562

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	175,000	175,000
		175,000	175,000
Total assets less current liabilities		175,000	175,000
Creditors: amounts falling due after more than one year		(161,880)	(164,710)
Total net assets (liabilities)		13,120	10,290
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		12,120	9,290
Shareholders' funds		13,120	10,290

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 25 September 2015

And signed on their behalf by:
Mohsin Ahmed, Director

SHINELOCH LIMITED Registered Number 07111562

Notes to the Abbreviated Accounts for the period ended 31 December 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 income received , net of VAT

Tangible assets depreciation policy
No depreciation is charge on land and buildings

Valuation information and policy
The net realizable amount is computed and where materially different from the carrying , it is recorded in the notes

2Tangible fixed assets

	£
Cost
At 1 January 2014	175,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	175,000
Depreciation
At 1 January 2014	-
Charge for the year	-
On disposals	-
At 31 December 2014	-
Net book values
At 31 December 2014	175,000
At 31 December 2013	175,000

The Company has secured borrowing as part of a poolled borrowing arrangements and pays its share of bank interest and costs and given a charge over its assets to the Bankers .
The assets purchased are financed by or guaranteed by the ultimate controlling party in exchange for capital gain, if any thereon.