DECISIVE PROPERTIES LIMITED - Period Ending 2015-03-31

Registration number: 04566822

DECISIVE PROPERTIES LIMITED

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Gilbert, Allan & Co
8 Rodborough Road
London
NW11 8RY

DECISIVE PROPERTIES LIMITED
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
DECISIVE PROPERTIES LIMITED
for the Year Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DECISIVE PROPERTIES LIMITED for the year ended 31 March 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of DECISIVE PROPERTIES LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of DECISIVE PROPERTIES LIMITED and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DECISIVE PROPERTIES LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that DECISIVE PROPERTIES LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of DECISIVE PROPERTIES LIMITED. You consider that DECISIVE PROPERTIES LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of DECISIVE PROPERTIES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Gilbert, Allan & Co
8 Rodborough Road
London
NW11 8RY

23 December 2015

Page 1

DECISIVE PROPERTIES LIMITED
(Registration number: 04566822)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					12,717			14,836
Investments					70			70
					12,787			14,906
Current assets
Stocks					891,273			891,273
Debtors					692,037			692,012
Cash at bank and in hand					43,712			4,627
					1,627,022			1,587,912
Creditors: Amounts falling due within one year					(1,598,836)			(1,876,837)
Net current assets/(liabilities)					28,186			(288,925)
Total assets less current liabilities					40,973			(274,019)
Provisions for liabilities					(2,409)			-
Net assets/(liabilities)					38,564			(274,019)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					38,562			(274,021)
Shareholders' funds/(deficit)					38,564			(274,019)

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 director acknowledges his 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 director on 23 December 2015

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

DECISIVE PROPERTIES LIMITED
(Registration number: 04566822)
Abbreviated Balance Sheet at 31 March 2015
......... continued

.........................................
Mr Leslie FRANKEL
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

DECISIVE PROPERTIES LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

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

Asset class	Depreciation method and rate
Plant and machinery	25% on reducing balance

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

DECISIVE PROPERTIES LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 April 2014		37,274			70			37,344
Additions		2,120			-			2,120
At 31 March 2015		39,394			70			39,464
Depreciation
At 1 April 2014		22,438			-			22,438
Charge for the year		4,239			-			4,239
At 31 March 2015		26,677			-			26,677
Net book value
At 31 March 2015		12,717			70			12,787
At 31 March 2014		14,836			70			14,906

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

4

Control

The company is controlled by M Frankel.

Page 5