Abbreviated Company Accounts - SCOTSDALE DEVELOPMENTS LIMITED

SCOTSDALE DEVELOPMENTS LIMITED - Company Information

Registered Number NI059496

SCOTSDALE DEVELOPMENTS LIMITED

Abbreviated Accounts

31 March 2015

SCOTSDALE DEVELOPMENTS LIMITED Registered Number NI059496

Abbreviated Balance Sheet as at 31 March 2015

	2015	2014
	£	£
Current assets
Stocks	737,843	737,843
Cash at bank and in hand	4,017	1,215
	741,860	739,058
Creditors: amounts falling due within one year	(307,807)	(300,572)
Net current assets (liabilities)	434,053	438,486
Total assets less current liabilities	434,053	438,486
Creditors: amounts falling due after more than one year	(606,729)	(603,362)
Total net assets (liabilities)	(172,676)	(164,876)
Capital and reserves
Called up share capital	2	2
Profit and loss account	(172,678)	(164,878)
Shareholders' funds	(172,676)	(164,876)

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 22 December 2015

And signed on their behalf by:
J Doherty, Director

SCOTSDALE DEVELOPMENTS LIMITED Registered Number NI059496

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared in accordance with applicable United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable in respect of rental income.

Other accounting policies
Work in progress is valued at the lower of cost and net realisable value. In the present economic climate there is significant uncertainty as to the value and realisability of Work-In-Progress.

Going Concern
The company incurred a loss of £7,800 during the year ended 31 March 2015 and, at that date, the company's liabilities exceeded its total assets by £172,676. These conditions indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue to as a going concern. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.