Abbreviated Company Accounts - SINGH BAINS PROPERTIES LIMITED

SINGH BAINS PROPERTIES LIMITED - Company Information

07506808 SINGH BAINS PROPERTIES LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 07506808 2014-04-01 2015-03-31 07506808 2015-03-31 07506808 2014-03-31 07506808 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 07506808 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 07506808

SINGH BAINS PROPERTIES LIMITED

Abbreviated Accounts

31 March 2015

SINGH BAINS PROPERTIES LIMITED Registered Number 07506808

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,920,137	1,451,585
		1,920,137	1,451,585
Current assets
Debtors		-	15,310
Cash at bank and in hand		38,657	24,301
		38,657	39,611
Creditors: amounts falling due within one year		(846,204)	(708,141)
Net current assets (liabilities)		(807,547)	(668,530)
Total assets less current liabilities		1,112,590	783,055
Creditors: amounts falling due after more than one year		(1,043,497)	(775,402)
Total net assets (liabilities)		69,093	7,653
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		68,993	7,553
Shareholders' funds		69,093	7,653

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 30 October 2015

And signed on their behalf by:
T Singh, Director

SINGH BAINS PROPERTIES LIMITED Registered Number 07506808

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

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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land 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:
Land and buildings freehold 2% Straight line
Fixtures, fittings & equipment 25% Reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2014	1,459,907
Additions	471,208
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	1,931,115
Depreciation
At 1 April 2014	8,322
Charge for the year	2,656
On disposals	-
At 31 March 2015	10,978
Net book values
At 31 March 2015	1,920,137
At 31 March 2014	1,451,585

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100