Abbreviated Company Accounts - COOMBE INVESTMENTS LIMITED

COOMBE INVESTMENTS LIMITED - Company Information

Registered Number 00656766

COOMBE INVESTMENTS LIMITED

Abbreviated Accounts

31 March 2015

COOMBE INVESTMENTS LIMITED Registered Number 00656766

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	225,030	230,031
		225,030	230,031
Current assets
Debtors		1,119,984	1,828,293
Cash at bank and in hand		2,824,108	1,070,660
		3,944,092	2,898,953
Creditors: amounts falling due within one year		(886,967)	(448,356)
Net current assets (liabilities)		3,057,125	2,450,597
Total assets less current liabilities		3,282,155	2,680,628
Total net assets (liabilities)		3,282,155	2,680,628
Capital and reserves
Called up share capital		4	4
Other reserves		2,166,804	1,338,323
Profit and loss account		1,115,347	1,342,301
Shareholders' funds		3,282,155	2,680,628

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 29 December 2015

And signed on their behalf by:
Lynda Anne Bailey, Director

COOMBE INVESTMENTS LIMITED Registered Number 00656766

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 rent and other monies from tenants which are credited as income on an accrual basis.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Furniture reducing balance basis 25%.

Other accounting policies
Investment Properties:
Investment properties are included in the balance sheet at cost and expenditure on the maintenance thereof is written off when incurred. This represents a departure from Financial Reporting Standard for Smaller Entities (effective April 2008) which requires the annual revaluation of such properties.

Taxation:
Corporation tax payable is provided on taxable profits at the current rates.
Deferred taxation is provided on the liability method on any material short term timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

2Tangible fixed assets

	£
Cost
At 1 April 2014	260,798
Additions	927
Disposals	(4,899)
Revaluations	-
Transfers	-
At 31 March 2015	256,826
Depreciation
At 1 April 2014	30,767
Charge for the year	1,029
On disposals	-
At 31 March 2015	31,796
Net book values
At 31 March 2015	225,030
At 31 March 2014	230,031