Abbreviated Company Accounts - AZINE PROPERTIES LIMITED

AZINE PROPERTIES LIMITED - Company Information

08643461 AZINE PROPERTIES LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 08643461 2014-09-01 2015-08-31 08643461 2015-08-31 08643461 2014-08-31 08643461 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 08643461 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 08643461

AZINE PROPERTIES LIMITED

Abbreviated Accounts

31 August 2015

AZINE PROPERTIES LIMITED Registered Number 08643461

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	208,262	209,176
		208,262	209,176
Creditors: amounts falling due within one year		(209,027)	(210,160)
Net current assets (liabilities)		(209,027)	(210,160)
Total assets less current liabilities		(765)	(984)
Total net assets (liabilities)		(765)	(984)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(865)	(1,084)
Shareholders' funds		(765)	(984)

For the year ending 31 August 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 23 May 2016

And signed on their behalf by:
Dr. B. M. Mehta, Director

AZINE PROPERTIES LIMITED Registered Number 08643461

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting policies
Accounting convention
The financial statements are prepared under the historical cost convention.
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).

Turnover policy
Turnover
Turnover represents rent receivable.

Tangible assets depreciation policy
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 20% on written down value
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 applicable accounting standard, SSAP 19, Accounting for investment properties, 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
At 1 September 2014	210,319
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	210,319
Depreciation
At 1 September 2014	1,143
Charge for the year	914
On disposals	-
At 31 August 2015	2,057
Net book values
At 31 August 2015	208,262
At 31 August 2014	209,176

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100