V7 Real Estate Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08426595 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

V7 REAL ESTATE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Z P Veasey

REGISTERED OFFICE:

4 Prince Albert Road

London

NW1 7SN

REGISTERED NUMBER:

08426595 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

FIXED ASSETS

Tangible assets

2

4,705

-

CURRENT ASSETS

Debtors

13,194

18,909

Cash at bank

11,976

7,185

25,170

26,094

CREDITORS

Amounts falling due within one year

29,461

25,449

NET CURRENT (LIABILITIES)/ASSETS

(4,291

)

645

TOTAL ASSETS LESS CURRENT LIABILITIES

414

645

CAPITAL AND RESERVES

Called up share capital

3

101

101

Profit and loss account

313

544

SHAREHOLDERS' FUNDS

414

645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 December 2015 and were signed by:

Z P Veasey - Director

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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

5,535

At 31 March 2015

5,535

DEPRECIATION

Charge for year

830

At 31 March 2015

830

NET BOOK VALUE

At 31 March 2015

4,705

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

1

Ordinary A

£1

1

1

101

101

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2015 and the period

ended 31 March 2014:

2015

2014

£

£

Z P Veasey

Balance outstanding at start of year

18,909

-

Amounts advanced

9,434

18,909

Amounts repaid

(18,909

)

-

Balance outstanding at end of year

9,434

18,909