Abodes Ltd - Abbreviated accounts 16.1
Abodes Ltd - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 January 2016 |
| for |
| Abodes Ltd |
| Abodes Ltd (Registered number: SC097865) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 January 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Abodes Ltd |
| Company Information |
| for the Year Ended 31 January 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Abodes Ltd (Registered number: SC097865) |
| Abbreviated Balance Sheet |
| 31 January 2016 |
| 31.1.16 | 31.1.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| 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. |
| Abodes Ltd (Registered number: SC097865) |
| Abbreviated Balance Sheet - continued |
| 31 January 2016 |
| The financial statements were approved by the Board of Directors on |
| Abodes Ltd (Registered number: SC097865) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 January 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention (as modified by the revaluation |
| of certain fixed assets) and in accordance with the Financial Reporting Standard for Smaller Entities (effective |
| January 2007). |
| Turnover |
| Turnover is the amount receivable for the provision of goods and services falling within the company's ordinary |
| activities,excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer 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. |
| In accordance with SSAP 19, no depreciation is charged in respect of investment properties. The policy |
| represents a departure from the requirements of the Companies Act 1985, to provide systematic annual |
| depreciation for fixed assets. However, as these properties are held for investment and not consumption, the |
| directors consider the adoption of this policy necessary to give a true and fair view. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date where transactions or events have occurred at that date that will result in an obligation to pay more |
| tax, or a right to pay less tax, or a right to receive a repayment of tax. |
| Deferred tax assets are recognised only to the extent that the directors consider it more likely than not that there |
| will be suitable taxable profits from which the future reversal of the underlying timing differences can be |
| deducted. |
| Deferred tax is measured tax rates that are expected to apply in the periods in which the timing differences |
| reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. |
| Abodes Ltd (Registered number: SC097865) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 January 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 February 2015 |
| Additions |
| At 31 January 2016 |
| DEPRECIATION |
| At 1 February 2015 |
| Charge for year |
| At 31 January 2016 |
| NET BOOK VALUE |
| At 31 January 2016 |
| At 31 January 2015 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 February 2015 |
| Additions |
| At 31 January 2016 |
| NET BOOK VALUE |
| At 31 January 2016 |
| At 31 January 2015 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 31.1.16 | 31.1.15 |
| £ | £ |
| Repayable by instalments | 132,414 | 139,281 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.1.16 | 31.1.15 |
| value: | £ | £ |
| Ordinary | £1 |