Abbreviated Company Accounts - NML PROPERTIES (CAMBOURNE) LTD

Abbreviated Company Accounts - NML PROPERTIES (CAMBOURNE) LTD

NML PROPERTIES (CAMBOURNE) LTD - Company Information

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Registered Number 07992955

NML PROPERTIES (CAMBOURNE) LTD

Abbreviated Accounts

31 March 2015

NML PROPERTIES (CAMBOURNE) LTD Registered Number 07992955

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 472,000 460,000
472,000 460,000
Current assets
Debtors 506 -
Cash at bank and in hand 14,152 3,145
14,658 3,145
Creditors: amounts falling due within one year (443,022) (443,611)
Net current assets (liabilities) (428,364) (440,466)
Total assets less current liabilities 43,636 19,534
Total net assets (liabilities) 43,636 19,534
Capital and reserves
Called up share capital 1 1
Revaluation reserve 12,000 -
Profit and loss account 31,635 19,533
Shareholders' funds 43,636 19,534
  • 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 26 October 2015

And signed on their behalf by:
Dr N M Leaver, Director

NML PROPERTIES (CAMBOURNE) LTD Registered Number 07992955

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents rent receivable from the letting of the company's properties.

Tangible assets depreciation policy
Tangible fixed assets comprise investment properties stated at cost or valuation. Depreciation is not provided for as the properties will be revalued to ensure that they are stated at current market value.

2Tangible fixed assets
£
Cost
At 1 April 2014 460,000
Additions -
Disposals -
Revaluations 12,000
Transfers -
At 31 March 2015 472,000
Depreciation
At 1 April 2014 -
Charge for the year -
On disposals -
At 31 March 2015 -
Net book values
At 31 March 2015 472,000
At 31 March 2014 460,000