Abbreviated Company Accounts - SOUTHERN PROPERTY DEVELOPMENT LIMITED

SOUTHERN PROPERTY DEVELOPMENT LIMITED - Company Information

Registered Number 08326126

SOUTHERN PROPERTY DEVELOPMENT LIMITED

Abbreviated Accounts

31 March 2014

SOUTHERN PROPERTY DEVELOPMENT LIMITED Registered Number 08326126

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014
		£
Fixed assets
Investments	2	100
		100
Current assets
Stocks		702,500
Debtors		2,421,504
		3,124,004
Creditors: amounts falling due within one year		(3,131,895)
Net current assets (liabilities)		(7,891)
Total assets less current liabilities		(7,791)
Total net assets (liabilities)		(7,791)
Capital and reserves
Called up share capital		10
Profit and loss account		(7,801)
Shareholders' funds		(7,791)

For the year ending 31 March 2014 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 10 September 2014

And signed on their behalf by:
D Capra, Director

SOUTHERN PROPERTY DEVELOPMENT LIMITED Registered Number 08326126

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of charges made during the period.

Valuation information and policy
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Other accounting policies
Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

2Fixed assets Investments
Investment into subsidiary. The company holds 100% of MSP Investments Limited. Ordinary shares. Incorporated in England & Wales. The nature of their business is that of Property investors. Capital and reserves £(208,191). Loss for the year £181,102.

Additions £100. Net book value as at 31 March 2014 £100