Abbreviated Company Accounts - HEAPS PROPERTIES LIMITED
Abbreviated Company Accounts - HEAPS PROPERTIES LIMITED
Registered Number 00663638
HEAPS PROPERTIES LIMITED
Abbreviated Accounts
5 April 2015
HEAPS PROPERTIES LIMITED Registered Number 00663638
Abbreviated Balance Sheet as at 5 April 2015
Notes | 2015 | 2014 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|||
Current assets | |||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 3 |
|
|
Share premium account |
|
|
|
Other reserves |
|
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
|
|
For the year ending 5 April 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
And signed on their behalf by:
HEAPS PROPERTIES LIMITED Registered Number 00663638
Notes to the Abbreviated Accounts for the period ended 5 April 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Office equipment - 33% reducing balance basis
Other accounting policies
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.
Deferred taxation
Deferred tax is recognised, without discounting, in respect of all timing differences 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 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.
Going concern
The financial statements have been prepared on a going concern basis.
£ | |
---|---|
Cost | |
At 6 April 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 5 April 2015 |
|
Depreciation | |
At 6 April 2014 |
|
Charge for the year |
|
On disposals |
|
At 5 April 2015 |
|
Net book values | |
At 5 April 2015 | 30 |
At 5 April 2014 | 45 |