Abbreviated Company Accounts - INDIAN LAKE ESTATES LIMITED

Abbreviated Company Accounts - INDIAN LAKE ESTATES LIMITED


Registered Number 06589619

INDIAN LAKE ESTATES LIMITED

Abbreviated Accounts

31 March 2016

INDIAN LAKE ESTATES LIMITED Registered Number 06589619

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 58,500 58,500
58,500 58,500
Current assets
Cash at bank and in hand 36 113
36 113
Creditors: amounts falling due within one year (58,652) (58,531)
Net current assets (liabilities) (58,616) (58,418)
Total assets less current liabilities (116) 82
Total net assets (liabilities) (116) 82
Capital and reserves
Called up share capital 3 3 3
Profit and loss account (119) 79
Shareholders' funds (116) 82
  • For the year ending 31 March 2016 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 17 June 2016

And signed on their behalf by:
Michael Jones, Director

INDIAN LAKE ESTATES LIMITED Registered Number 06589619

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board
The Company has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it it a small company

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year
The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset
over it's expected useful life, as follows:
Land and Buildings - straight line over years

2Tangible fixed assets
£
Cost
At 1 April 2015 58,500
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 58,500
Depreciation
At 1 April 2015 0
Charge for the year -
On disposals -
At 31 March 2016 0
Net book values
At 31 March 2016 58,500
At 31 March 2015 58,500
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
3 Ordinary shares of £1 each 3 3