Abbreviated Company Accounts - MUNIR ENTERPRISES LTD

Abbreviated Company Accounts - MUNIR ENTERPRISES LTD


Registered Number 09144329

MUNIR ENTERPRISES LTD

Abbreviated Accounts

31 July 2015

MUNIR ENTERPRISES LTD Registered Number 09144329

Abbreviated Balance Sheet as at 31 July 2015

Notes 2015
£
Fixed assets
Tangible assets 2 390,972
390,972
Current assets
Debtors 1,000
Cash at bank and in hand 4,707
5,707
Creditors: amounts falling due within one year (196,629)
Net current assets (liabilities) (190,922)
Total assets less current liabilities 200,050
Creditors: amounts falling due after more than one year (200,000)
Total net assets (liabilities) 50
Capital and reserves
Called up share capital 3 1,000
Profit and loss account (950)
Shareholders' funds 50
  • 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 April 2016

And signed on their behalf by:
Munir Hussain, Director

MUNIR ENTERPRISES LTD Registered Number 09144329

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.

Tangible assets depreciation policy
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)` it is a departure from the general requirement of the Companies Act 2006) for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2Tangible fixed assets
£
Cost
Additions 390,972
Disposals -
Revaluations -
Transfers -
At 31 July 2015 390,972
Depreciation
Charge for the year -
On disposals -
At 31 July 2015 -
Net book values
At 31 July 2015 390,972
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
1,000 Ordinary shares of £1 each 1,000