Company Registration No. 00784089 (England and Wales)
SPETTIGUE PROPERTY DEVELOPMENT CO. LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
SPETTIGUE PROPERTY DEVELOPMENT CO. LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SPETTIGUE PROPERTY DEVELOPMENT CO. LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2013
31 December 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
14,853
20,926
Current assets
Debtors
500
500
Cash at bank and in hand
47,072
43,011
47,572
43,511
Creditors: amounts falling due within one year
(8,803)
(9,426)
Net current assets
38,769
34,085
Total assets less current liabilities
53,622
55,011
Provisions for liabilities
(469)
(469)
53,153
54,542
Capital and reserves
Called up share capital
3
1,000
1,000
Revaluation reserve
4,709
4,709
Profit and loss account
47,444
48,833
Shareholders' funds
53,153
54,542
For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 24 September 2014
Mr M Spettigue
Director
Company Registration No. 00784089
SPETTIGUE PROPERTY DEVELOPMENT CO. LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for rent.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Plant and machinery
25% on reducing balance
Motor vehicles
25% straight line
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 January 2013 & at 31 December 2013
37,829
Depreciation
At 1 January 2013
16,903
Charge for the year
6,073
At 31 December 2013
22,976
Net book value
At 31 December 2013
14,853
At 31 December 2012
20,926
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
1,000 Ordinary of £1 each
1,000
1,000
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