Company Registration No. 01829490 (England and Wales)
THE DERBY ROAD ESTATE MANAGEMENT COMPANY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
THE DERBY ROAD ESTATE MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
THE DERBY ROAD ESTATE MANAGEMENT COMPANY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
97,400
90,000
Current assets
Debtors
615
-
Cash at bank and in hand
12,933
18,004
13,548
18,004
Creditors: amounts falling due within one year
(1,655)
(3,652)
Net current assets
11,893
14,352
Total assets less current liabilities
109,293
104,352
Capital and reserves
Called up share capital
3
20
20
Revaluation reserve
97,399
89,999
Profit and loss account
11,874
14,333
Shareholders' funds
109,293
104,352
For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 23 January 2016
Mr P Wayne
Director
Company Registration No. 01829490
THE DERBY ROAD ESTATE MANAGEMENT COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents rents receivable.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Nil
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 November 2014
90,000
Revaluation
7,400
At 31 October 2015
97,400
At 31 October 2014
90,000
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
20 Ordinary shares of £1 each
20
20
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