NEATRUN_PROPERTIES_LIMITE - Accounts

NEATRUN PROPERTIES LIMITED - Company Information

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Company Registration No. 02339884 (England and Wales)

NEATRUN PROPERTIES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

NEATRUN PROPERTIES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

NEATRUN PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Current assets

Debtors

113,134

39,252

Cash at bank and in hand

11,397

16,264

124,531

55,516

Creditors: amounts falling due within one year

(21,471)

(8,474)

Total assets less current liabilities

103,060

47,042

Capital and reserves

Called up share capital

200

Profit and loss account

102,860

46,842

Shareholders' funds

103,060

47,042

For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have 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 21 March 2016

Mr J S Howard

Director

Company Registration No. 02339884

NEATRUN PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention 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 the invoiced value of development properties and services supplied by the company, net of value added tax.

Share capital

2015

2014

Allotted, called up and fully paid

200 Ordinary shares of £1 each

200

Related party relationships and transactions

Loans to directors

The directors loan account was overdrawn at the beginning of the year. This was cleared during the year, but further advances were also made as follows:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Overdrawn loan account

18,814

83,319

18,814

83,319

18,814

83,319

18,814

83,319

This has been cleared subsequent to the year end.