Abbreviated Company Accounts - TARANA PROPERTIES LIMITED

TARANA PROPERTIES LIMITED - Company Information

08942506 TARANA PROPERTIES LIMITED 2015-03-31 false 2014-03-17 2015-03-31 true 08942506 2014-03-17 2015-03-31 08942506 2015-03-31 08942506 uk-gaap-cd-bus:Director1 2014-03-17 2015-03-31 08942506 uk-gaap-cd-bus:Director2 2014-03-17 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-17 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 08942506

TARANA PROPERTIES LIMITED

Abbreviated Accounts

31 March 2015

TARANA PROPERTIES LIMITED Registered Number 08942506

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015
		£
Fixed assets
Tangible assets	2	571,470
		571,470
Current assets
Cash at bank and in hand		12,672
		12,672
Creditors: amounts falling due within one year	3	(601,743)
Net current assets (liabilities)		(589,071)
Total assets less current liabilities		(17,601)
Total net assets (liabilities)		(17,601)
Capital and reserves
Called up share capital	4	1
Profit and loss account		(17,602)
Shareholders' funds		(17,601)

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 17 December 2015

And signed on their behalf by:
A S Talukdar, Director

TARANA PROPERTIES LIMITED Registered Number 08942506

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 rental income receivable during the period.

Tangible assets depreciation policy
Depriciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Land and buildings - Nil

Intangible assets amortisation policy
Investment property is included in the balance sheet at cost and not depriciated. This is a departure from the Statement of Standard Accounting Practice 19 - Accounting for investment properties, which states that investment properties should be stated at their open market value. It is also a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depriciated. In the opinion of the director compliance with the standard is not necessary for the financial statements to give a true and fair view.

2Tangible fixed assets

	£
Cost
Additions	571,470
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	571,470
Depreciation
Charge for the year	-
On disposals	-
At 31 March 2015	-
Net book values
At 31 March 2015	571,470

3Creditors

	2015 £
Secured Debts	597,000

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

	2015 £
1 Ordinary shares of £1 each	1