Myrtle & Down Limited - Limited company - abbreviated - 11.9
Myrtle & Down Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Myrtle & Down Limited |
| Abbreviated Unaudited Accounts for the Year Ended 28 February 2015 |
| Myrtle & Down Limited (Registered number: 08396172) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 28 February 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Myrtle & Down Limited |
| Company Information |
| for the Year Ended 28 February 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Myrtle & Down Limited (Registered number: 08396172) |
| Abbreviated Balance Sheet |
| 28 February 2015 |
| 28.2.15 | 28.2.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors on by: |
| Myrtle & Down Limited (Registered number: 08396172) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 28 February 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover consists of amounts receivable from the sale of development properties under unconditional contracts, |
| excluding value added tax. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Stock |
| The company carries forward as stock all direct and related expenditure in respect of uncompleted property |
| developments or properties held for future development or resale. The company usually undertakes |
| developments on terms such that the profit cannot be determined until the site is disposed of. Accordingly, no |
| attributable profit is taken on such uncompleted developments. |
| Deferred tax |
| Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the |
| balance sheet date. |
| Going concern |
| The financial statements have been prepared on a going concern basis as the directors anticipate that the |
| company will continue to be profitable. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| Additions |
| At 28 February 2015 |
| DEPRECIATION |
| Charge for year |
| At 28 February 2015 |
| NET BOOK VALUE |
| At 28 February 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.2.15 | 28.2.14 |
| value: | £ | £ |
| Ordinary | £1 |