M B A Lettings & Property Management Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05406680 (England and Wales)

M B A LETTINGS & PROPERTY MANAGEMENT LTD

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mark Bennett

J M Bennett

SECRETARY:

J M Bennett

REGISTERED OFFICE:

Upper Hurst Farm

Hathersage

Hope Valley

Derbyshire

S32 1BQ

REGISTERED NUMBER:

05406680 (England and Wales)

ACCOUNTANTS:

Mike Bramall & Co Ltd

Chartered Accountants

Mayfield View

60 School Green Lane

Sheffield

South Yorkshire

S10 4GR

FIXED ASSETS

Tangible assets

2

58,178

59,079

CURRENT ASSETS

Debtors

22,150

1,309

Cash at bank

90,818

74,297

112,968

75,606

CREDITORS

Amounts falling due within one year

94,914

58,771

NET CURRENT ASSETS

18,054

16,835

TOTAL ASSETS LESS CURRENT LIABILITIES

76,232

75,914

CAPITAL AND RESERVES

Called up share capital

3

20

20

Profit and loss account

76,212

75,894

SHAREHOLDERS' FUNDS

76,232

75,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13 June 2016 and were signed on its behalf by:

Mark Bennett - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

106,090

Additions

45,260

Disposals

(40,790

)

At 31 March 2016

110,560

DEPRECIATION

At 1 April 2015

47,011

Charge for year

26,059

Eliminated on disposal

(20,688

)

At 31 March 2016

52,382

NET BOOK VALUE

At 31 March 2016

58,178

At 31 March 2015

59,079

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

20

Ordinary

£1

20

20