| Investment Potential Properties Limited |
| Registered number: |
06383293 |
| Abbreviated Balance Sheet |
| as at 31 March 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
152,255 |
|
|
148,046 |
|
| Current assets |
| Cash at bank and in hand |
|
|
38,438 |
|
|
12,608 |
|
| Creditors: amounts falling due within one year |
|
|
(9,746) |
|
|
(11,068) |
|
| Net current assets |
|
|
|
28,692 |
|
|
1,540 |
|
| Total assets less current liabilities |
|
|
|
180,947 |
|
|
149,586 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(122,608) |
|
|
(122,608) |
|
|
|
| Net assets |
|
|
|
58,339 |
|
|
26,978 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
57,339 |
|
|
25,978 |
|
| Shareholder's funds |
|
|
|
58,339 |
|
|
26,978 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Darrell Anthony Kerr |
| Director |
| Approved by the board on 26 November 2015 |
|
| Investment Potential Properties Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
15% reducing balance |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
148,046 |
|
Additions |
4,952 |
|
At 31 March 2015 |
152,998 |
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
743 |
|
At 31 March 2015 |
743 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
152,255 |
|
At 31 March 2014 |
148,046 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2015 |
|
2014 |
| £ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
122,608 |
|
122,608 |
|
Secured bank loans |
122,608 |
|
122,608 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
