Abbreviated Company Accounts - FOUNTAYNE ESTATES LTD

FOUNTAYNE ESTATES LTD - Company Information

Registered Number 07305107

FOUNTAYNE ESTATES LTD

Abbreviated Accounts

31 July 2015

FOUNTAYNE ESTATES LTD Registered Number 07305107

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	925,489	925,489
		925,489	925,489
Current assets
Debtors		21,025	35,522
Cash at bank and in hand		15,854	6,066
		36,879	41,588
Creditors: amounts falling due within one year		(90,593)	(100,775)
Net current assets (liabilities)		(53,714)	(59,187)
Total assets less current liabilities		871,775	866,302
Creditors: amounts falling due after more than one year		(782,127)	(794,998)
Total net assets (liabilities)		89,648	71,304
Capital and reserves
Called up share capital		1	1
Revaluation reserve		75,000	75,000
Profit and loss account		14,647	(3,697)
Shareholders' funds		89,648	71,304

For the year ending 31 July 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 18 February 2016

And signed on their behalf by:
Mrs S R Klein, Director

FOUNTAYNE ESTATES LTD Registered Number 07305107

Notes to the Abbreviated Accounts for the period ended 31 July 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.

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 August 2014	925,489
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	925,489
Depreciation
At 1 August 2014	-
Charge for the year	-
On disposals	-
At 31 July 2015	-
Net book values
At 31 July 2015	925,489
At 31 July 2014	925,489