Abbreviated Company Accounts - ADAM MYERS INVESTMENTS LIMITED
Abbreviated Company Accounts - ADAM MYERS INVESTMENTS LIMITED
Registered Number 05474680
ADAM MYERS INVESTMENTS LIMITED
Abbreviated Accounts
31 March 2014
ADAM MYERS INVESTMENTS LIMITED Registered Number 05474680
Abbreviated Balance Sheet as at 31 March 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
For the year ending 31 March 2014 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
And signed on their behalf by:
ADAM MYERS INVESTMENTS LIMITED Registered Number 05474680
Notes to the Abbreviated Accounts for the period ended 31 March 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Tangible assets depreciation policy
Valuation information and policy
or deficit is transferred to revaluation reserve, except where a deficit on an individual investment property is expected to be permanent in which case it is charged (or credited, where a deficit is reversed) to the profit and loss account of the period. No depreciation is provided in respect of investment properties.
The Companies Act requires all properties to be depreciated. However, this requirement conflicts
with the generally accepted accounting principle set out in the FRSSE. The directors consider that,
because these properties are not held for consumption, but for their investment potential, to
depreciate them would not give a true and fair view and that it is necessary to adopt the
requirements of the FRSSE in order to give a true and fair view.
If this departure from the Act had not been made, the profit for the financial year would have been
reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified,
because depreciation is only one of many factors reflected in the annual valuation and the amount
which might otherwise have been shown cannot be separately identified or quantified.
£ | |
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Cost | |
At 1 April 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2014 |
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Depreciation | |
At 1 April 2013 |
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Charge for the year |
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On disposals |
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At 31 March 2014 |
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Net book values | |
At 31 March 2014 | 1,481,250 |
At 31 March 2013 | 1,362,250 |