Abbreviated Company Accounts - CIRIUS PROPERTY LIMITED

CIRIUS PROPERTY LIMITED - Company Information

07712629 CIRIUS PROPERTY LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 07712629 2014-08-01 2015-07-31 07712629 2015-07-31 07712629 2014-07-31 07712629 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 07712629 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 07712629

CIRIUS PROPERTY LIMITED

Abbreviated Accounts

31 July 2015

CIRIUS PROPERTY LIMITED Registered Number 07712629

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	495,836	345,836
		495,836	345,836
Current assets
Cash at bank and in hand		17,309	5,581
		17,309	5,581
Creditors: amounts falling due within one year		(510,065)	(342,492)
Net current assets (liabilities)		(492,756)	(336,911)
Total assets less current liabilities		3,080	8,925
Total net assets (liabilities)		3,080	8,925
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		2,980	8,825
Shareholders' funds		3,080	8,925

For the year ending 31 July 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 16 November 2015

And signed on their behalf by:
Mr S Ward, Director

CIRIUS PROPERTY LIMITED Registered Number 07712629

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

1Accounting Policies

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

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Other accounting policies
During the year various transactions took place between Cirius Property Limited and Cirius UK Limited, its immediate and ultimate parent company, resulting in £509,714 (2014: £341,066) being owed to Cirius UK Limited by Cirius Property Limited at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 August 2014	345,836
Additions	150,000
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	495,836
Depreciation
At 1 August 2014	0
Charge for the year	-
On disposals	-
At 31 July 2015	0
Net book values
At 31 July 2015	495,836
At 31 July 2014	345,836

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

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