Abbreviated Company Accounts - METROWOOD LIMITED

01859460 METROWOOD LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 01859460 2014-04-01 2015-03-31 01859460 2015-03-31 01859460 2014-03-31 01859460 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 01859460 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 01859460

METROWOOD LIMITED

Abbreviated Accounts

31 March 2015

METROWOOD LIMITED Registered Number 01859460

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	3,100,193	3,100,309
Investments		-	-
		3,100,193	3,100,309
Current assets
Stocks		-	-
Cash at bank and in hand		121,232	100,196
		121,232	100,196
Creditors: amounts falling due within one year	3	(82,927)	(56,084)
Net current assets (liabilities)		38,305	44,112
Total assets less current liabilities		3,138,498	3,144,421
Creditors: amounts falling due after more than one year	3	(1,167,250)	(1,167,250)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		1,971,248	1,977,171
Capital and reserves
Called up share capital	4	100	100
Share premium account		0	0
Revaluation reserve		2,521,107	2,521,107
Other reserves		0	0
Profit and loss account		(549,959)	(544,036)
Shareholders' funds		1,971,248	1,977,171

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 18 December 2015

And signed on their behalf by:
Mr R. E. Brooks, Director
Mr. G. Painter, Director

METROWOOD LIMITED Registered Number 01859460

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 rents and fees received

Tangible assets depreciation policy
Tangible fixed assets other than freehold property are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment 15% Straight line

Freehold properties are classified as investment properties and included in the balance sheet at their open market value. No provision is made for depreciation.

2Tangible fixed assets

	£
Cost
At 1 April 2014	3,117,315
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 March 2015	3,117,315
Depreciation
At 1 April 2014	17,006
Charge for the year	116
On disposals	0
At 31 March 2015	17,122
Net book values
At 31 March 2015	3,100,193
At 31 March 2014	3,100,309

3Creditors

	2015 £	2014 £
Secured Debts	1,167,250	1,167,250
Instalment debts due after 5 years	0	0
Non-instalment debts due after 5 years	0	0

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100