Abbreviated Company Accounts - MARKET PLACE NEWBURY LTD

Abbreviated Company Accounts - MARKET PLACE NEWBURY LTD

MARKET PLACE NEWBURY LTD - Company Information

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Registered Number 08022522

MARKET PLACE NEWBURY LTD

Abbreviated Accounts

30 April 2015

MARKET PLACE NEWBURY LTD Registered Number 08022522

Abbreviated Balance Sheet as at 30 April 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,161,828 1,421,358
1,161,828 1,421,358
Current assets
Debtors 11,630 2,598
Cash at bank and in hand 53,119 -
64,749 2,598
Creditors: amounts falling due within one year (1,015,104) (1,290,562)
Net current assets (liabilities) (950,355) (1,287,964)
Total assets less current liabilities 211,473 133,394
Total net assets (liabilities) 211,473 133,394
Capital and reserves
Called up share capital 1 1
Revaluation reserve 150,000 150,000
Profit and loss account 61,472 (16,607)
Shareholders' funds 211,473 133,394
  • For the year ending 30 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 21 January 2016

And signed on their behalf by:
Mr J Dreyfuss, Director

MARKET PLACE NEWBURY LTD Registered Number 08022522

Notes to the Abbreviated Accounts for the period ended 30 April 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 rents and similar charges exclusive of VAT.

Other accounting policies
Investment properties are revalued annually and the aggregate surplus or deficit transferred to the revaluation reserve except where any deficit is deemed permanent when it is taken to the Profit and Loss Account. No provision is made for depreciation of investment properties. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view. The depreciation charge is only one of the factors reflected in the annual valuation and, therefore, the effect of the departure cannot be readily quantified. The directors consider that this policy results in the accounts giving a true and fair view.

2Tangible fixed assets
£
Cost
At 1 May 2014 1,421,358
Additions 360,470
Disposals (620,000)
Revaluations -
Transfers -
At 30 April 2015 1,161,828
Depreciation
At 1 May 2014 -
Charge for the year -
On disposals -
At 30 April 2015 -
Net book values
At 30 April 2015 1,161,828
At 30 April 2014 1,421,358