SCOTT_PAUL_INVESTMENTS_LI - Accounts
SCOTT_PAUL_INVESTMENTS_LI - Accounts
Company Registration No. 06527009 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
3
(103,813 )
(95,947 )
Net current liabilities
(95,921 )
(89,704 )
Total assets less current liabilities
Creditors: amounts falling due after more than one year
4
(62,249 )
(70,110 )
11,017
9,373
Capital and reserves
Called up share capital
5
Profit and loss account
Shareholders' funds
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2015
- 2 -
Directors' responsibilities:
-
-
Approved by the Board for issue on 16 December 2015
Director
Director
Director
Director
Director
Company Registration No. 06527009
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The principle accounting policies applied in the preparation of these financial statements are set out below.
Compliance with the Financial Reporting Standard for Smaller Entities, requires departure from the requirements of the Companies Act 1985 relating to depreciation and an explanation is given in note 1.3 below.
1.2
Turnover
1.3
Investment Properties
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014 & at 31 March 2015
At 31 March 2014
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £7,740 (2014 - £7,619).
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 4 -
4
Creditors: amounts falling due after more than one year
2015
2014
£
£
Analysis of loans repayable in more than five years
Total amounts repayable by instalments which are due in more than five years
31,288
39,634
The aggregate amount of creditors for which security has been given amounted to £62,249 (2014 - £70,110).
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid