Abbreviated Company Accounts - MAVERICK4 PROPERTIES LIMITED

MAVERICK4 PROPERTIES LIMITED - Company Information

05522427 MAVERICK4 PROPERTIES LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 05522427 2014-01-01 2014-12-31 05522427 2014-12-31 05522427 2013-12-31 05522427 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 05522427 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 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 05522427

MAVERICK4 PROPERTIES LIMITED

Abbreviated Accounts

31 December 2014

MAVERICK4 PROPERTIES LIMITED Registered Number 05522427

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,834,633	1,846,633
		1,834,633	1,846,633
Current assets
Debtors		102,599	91,079
Cash at bank and in hand		26,207	11,165
		128,806	102,244
Creditors: amounts falling due within one year		(943,796)	(871,651)
Net current assets (liabilities)		(814,990)	(769,407)
Total assets less current liabilities		1,019,643	1,077,226
Creditors: amounts falling due after more than one year		(632,423)	(761,337)
Total net assets (liabilities)		387,220	315,889
Capital and reserves
Called up share capital	3	2	2
Revaluation reserve		73,893	77,580
Profit and loss account		313,325	238,307
Shareholders' funds		387,220	315,889

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 29 September 2015

And signed on their behalf by:
M Bennett, Director

MAVERICK4 PROPERTIES LIMITED Registered Number 05522427

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.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Freehold property - 4% on a straight line basis
Motor Vehicles - 25% on a straight line basis.

2Tangible fixed assets

	£
Cost
At 1 January 2014	1,957,727
Additions	-
Disposals	(16,493)
Revaluations	-
Transfers	-
At 31 December 2014	1,941,234
Depreciation
At 1 January 2014	111,094
Charge for the year	12,000
On disposals	(16,493)
At 31 December 2014	106,601
Net book values
At 31 December 2014	1,834,633
At 31 December 2013	1,846,633

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

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2