Abbreviated Company Accounts - MENTOR PROPERTIES LIMITED

MENTOR PROPERTIES LIMITED - Company Information

03467068 MENTOR PROPERTIES LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 03467068 2014-01-01 2014-12-31 03467068 2014-12-31 03467068 2013-12-31 03467068 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 03467068 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 03467068

MENTOR PROPERTIES LIMITED

Abbreviated Accounts

31 December 2014

MENTOR PROPERTIES LIMITED Registered Number 03467068

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Investments	2	357,768	377,982
		357,768	377,982
Current assets
Stocks		1,141,603	1,206,104
Debtors		2,071	2,156
Cash at bank and in hand		2,762	12,646
		1,146,436	1,220,906
Creditors: amounts falling due within one year	3	(2,004)	(285,721)
Net current assets (liabilities)		1,144,432	935,185
Total assets less current liabilities		1,502,200	1,313,167
Creditors: amounts falling due after more than one year	3	(1,897,749)	(1,614,938)
Total net assets (liabilities)		(395,549)	(301,771)
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		(395,551)	(301,773)
Shareholders' funds		(395,549)	(301,771)

For the year ending 31 December 2014 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 11 December 2015

And signed on their behalf by:
Jacob Schimmel, Director

MENTOR PROPERTIES LIMITED Registered Number 03467068

Notes to the Abbreviated Accounts for the period ended 31 December 2014

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
The Turnover shown in the profit and loss account shows amounts invoiced during the year

Other accounting policies
Stocks: The Company's property development is included in the Balance Sheet at cost (as adjusted by movements in exchange rates). The Director is of the opinion that the value of the development is at least equal to the amount at which it is included in the financial statements.
Exchange rate: The rate of exchange between Sterling and the Israeli Shekel at balance sheet date was 6.1 Shekels/ Pound (2013:5.7 Shekels/Pound)
The rate of exchange between USD and Israeli Shekel at balance sheet date was 3.9 Shekels/Dollar (2013: 3.5 Shekels/Dollar)

2Fixed assets Investments
This represents the cost of shares purchased the previous year. The cost of shares has been re-valued because of the change in the exchange rate.

3Creditors

	2014 £	2013 £
Secured Debts	0	275,509

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

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2