Verma Property Ltd - Limited company - abbreviated

REGISTERED NUMBER: 07262301 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Verma Property Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

V Verma

A Verma

A J Verma

REGISTERED OFFICE:

36 Wilcot Close

Bisley

Woking

Surrey

GU24 9DE

REGISTERED NUMBER:

07262301 (England and Wales)

FIXED ASSETS

Tangible assets

2

1,799,755

CURRENT ASSETS

Debtors

40,000

Cash in hand

67,355

92,217

107,355

132,217

CREDITORS

Amounts falling due within one year

300,584

258,499

NET CURRENT LIABILITIES

(193,229

)

(126,282

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,606,526

1,673,473

CREDITORS

Amounts falling due after more than one
year

3

1,371,040

1,437,920

NET ASSETS

235,486

235,553

CAPITAL AND RESERVES

Called up share capital

4

Profit and loss account

235,482

235,549

SHAREHOLDERS' FUNDS

235,486

235,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 April 2016 and were signed on its behalf by:

A Verma - Director

1.	ACCOUNTING POLICIES

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

1,799,755

NET BOOK VALUE

At 31 December 2015

1,799,755

At 31 December 2014

1,799,755

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.12.15

31.12.14

£

Repayable by instalments

1,371,040

1,437,920

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

4

Ordinary

1

4

Verma Property Ltd - Limited company - abbreviated - 11.9

Verma Property Ltd - Limited company - abbreviated - 11.9