Abbreviated Company Accounts - ONTRAK PROPERTY LIMITED

SOUTH EAST TEN TRADING LIMITED - Company Information

Registered Number 07181732

ONTRAK PROPERTY LIMITED

Abbreviated Accounts

31 March 2015

ONTRAK PROPERTY LIMITED Registered Number 07181732

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	255,000	260,000
		255,000	260,000
Current assets
Cash at bank and in hand		3,728	3,859
		3,728	3,859
Creditors: amounts falling due within one year		(35,152)	(29,873)
Net current assets (liabilities)		(31,424)	(26,014)
Total assets less current liabilities		223,576	233,986
Creditors: amounts falling due after more than one year		(222,393)	(236,522)
Total net assets (liabilities)		1,183	(2,536)
Capital and reserves
Called up share capital		1	1
Profit and loss account		1,182	(2,537)
Shareholders' funds		1,183	(2,536)

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 15 September 2015

And signed on their behalf by:
A Spence, Director

ONTRAK PROPERTY LIMITED Registered Number 07181732

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 the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Fixtures Fittings and equipment - 20% Straight Line

In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2007) no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the the Companies Act which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view

2Tangible fixed assets

	£
Cost
At 1 April 2014	275,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	275,000
Depreciation
At 1 April 2014	15,000
Charge for the year	5,000
On disposals	-
At 31 March 2015	20,000
Net book values
At 31 March 2015	255,000
At 31 March 2014	260,000