3RD_AVENUE_DEVELOPMENTS_L - Accounts

3RD AVENUE DEVELOPMENTS LTD. - Company Information

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Company Registration No. 04988975 (England and Wales)

3RD AVENUE DEVELOPMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

3RD AVENUE DEVELOPMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

3RD AVENUE DEVELOPMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Current assets

Stocks

145,000

Debtors

160

28,199

Cash at bank and in hand

3,931

4,807

4,091

178,006

Creditors: amounts falling due within one year

(3,891)

(96,835)

Total assets less current liabilities

200

81,171

Capital and reserves

Called up share capital

200

Profit and loss account

80,971

Shareholders' funds

200

81,171

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 September 2015

F Anabtawi

Director

Company Registration No. 04988975

3RD AVENUE DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover and profits

Turnover includes sales of properties as well as rents receivable net of VAT.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by recognising turnover and related costs as the contract activity progresses. Turnover is calculated as that proportion of the total contract value which costs to date bear to total expected costs for that contract.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% on written down value

1.5

Stock

Work in progress is valued at the lower of cost and net realisable value.

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

100 Ordinary 'A' shares of £1 each

100

200