Mearns Property Developments Limited - Limited company - abbreviated - 11.9
Mearns Property Developments Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 June 2015 |
| for |
| Mearns Property Developments Limited |
| Mearns Property Developments Limited (Registered number: SC453082) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Mearns Property Developments Limited |
| Company Information |
| for the Year Ended 30 June 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Mearns Property Developments Limited (Registered number: SC453082) |
| Abbreviated Balance Sheet |
| 30 June 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors on |
| Mearns Property Developments Limited (Registered number: SC453082) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The directors have a reasonable expectation that the company has adequate resources to continue in |
| operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of |
| accounting in preparing the annual financial statements. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Equipment | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes |
| in market value is transferred to a revaluation reserve. |
| Contracts for services |
| Where the substance of a contract is that the contractual obligations are performed gradually over time, |
| revenue is recognised as contract activity progresses to reflect the partial performance of our contractual |
| obligations. The amount of revenue included reflects the accrual of the right to consideration as contract |
| activity progresses by reference to value of the work performed. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2014 |
| Additions |
| At 30 June 2015 |
| DEPRECIATION |
| At 1 July 2014 |
| Charge for year |
| At 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| Mearns Property Developments Limited (Registered number: SC453082) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2015 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 July 2014 |
| and 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |