Abbreviated Company Accounts - NORTHSHORE ESTATES LTD

NORTHSHORE ESTATES LTD - Company Information

SC372841 NORTHSHORE ESTATES LTD 2015-02-28 false 2014-03-01 2015-02-28 true SC372841 2014-03-01 2015-02-28 SC372841 2015-02-28 SC372841 2014-02-28 SC372841 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 SC372841 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number SC372841

NORTHSHORE ESTATES LTD

Abbreviated Accounts

28 February 2015

NORTHSHORE ESTATES LTD Registered Number SC372841

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	110,121	-
Investments	3	1,000	1,000
		111,121	1,000
Current assets
Stocks		-	245,427
Debtors		185,000	75,000
Cash at bank and in hand		2,490	572
		187,490	320,999
Creditors: amounts falling due within one year		(241,724)	(323,254)
Net current assets (liabilities)		(54,234)	(2,255)
Total assets less current liabilities		56,887	(1,255)
Total net assets (liabilities)		56,887	(1,255)
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		56,886	(1,256)
Shareholders' funds		56,887	(1,255)

For the year ending 28 February 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 November 2015

And signed on their behalf by:
Mr A Hutchison, Director

NORTHSHORE ESTATES LTD Registered Number SC372841

Notes to the Abbreviated Accounts for the period ended 28 February 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 chargeable in respect of the sale of goods and services to customers.

Other accounting policies
ertain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows:

No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

2Tangible fixed assets

	£
Cost
At 1 March 2014	-
Additions	110,121
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	110,121
Depreciation
At 1 March 2014	-
Charge for the year	-
On disposals	-
At 28 February 2015	-
Net book values
At 28 February 2015	110,121
At 28 February 2014	-

3Fixed assets Investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £0.01 each	1	1

In 2014 1 Ordinary share of £1 was held.