Abbreviated Company Accounts - FRESHACRE PROPERTIES LIMITED

FRESHACRE PROPERTIES LIMITED - Company Information

05862328 FRESHACRE PROPERTIES LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 05862328 2014-01-01 2014-12-31 05862328 2014-12-31 05862328 2013-12-31 05862328 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 05862328 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 05862328

FRESHACRE PROPERTIES LIMITED

Abbreviated Accounts

31 December 2014

FRESHACRE PROPERTIES LIMITED Registered Number 05862328

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	3,708,238	3,707,673
		3,708,238	3,707,673
Current assets
Stocks		-	2,017,534
Cash at bank and in hand		1,441,108	310,179
		1,441,108	2,327,713
Creditors: amounts falling due within one year		(1,876,268)	(1,326,406)
Net current assets (liabilities)		(435,160)	1,001,307
Total assets less current liabilities		3,273,078	4,708,980
Creditors: amounts falling due after more than one year		(1,182,129)	(2,853,046)
Total net assets (liabilities)		2,090,949	1,855,934
Capital and reserves
Called up share capital	3	1	1
Revaluation reserve		1,030,553	1,030,553
Profit and loss account		1,060,395	825,380
Shareholders' funds		2,090,949	1,855,934

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 28 September 2015

And signed on their behalf by:
P Kang, Director

FRESHACRE PROPERTIES LIMITED Registered Number 05862328

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 rental income from investment properties and property development. Income is recognised on an accruals basis, with any outstanding rental income at the year end included within trade debtors. Any rent received which relates to future periods, is included as deferred income.

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

Fixtures, fittings & equipment - 33.33% straight line basis

2Tangible fixed assets

	£
Cost
At 1 January 2014	3,707,673
Additions	847
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	3,708,520
Depreciation
At 1 January 2014	-
Charge for the year	282
On disposals	-
At 31 December 2014	282
Net book values
At 31 December 2014	3,708,238
At 31 December 2013	3,707,673

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

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