Abbreviated Company Accounts - THE TAVERN FORTROSE LIMITED

THE TAVERN FORTROSE LIMITED - Company Information

SC488368 THE TAVERN FORTROSE LIMITED 2015-10-31 false 2014-10-07 2015-10-31 true SC488368 2014-10-07 2015-10-31 SC488368 2015-10-31 SC488368 uk-gaap-cd-bus:Director1 2014-10-07 2015-10-31 SC488368 uk-gaap-cd-bus:Director2 2014-10-07 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-07 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number SC488368

THE TAVERN FORTROSE LIMITED

Abbreviated Accounts

31 October 2015

THE TAVERN FORTROSE LIMITED Registered Number SC488368

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015
		£
Fixed assets
Intangible assets	2	32,500
Tangible assets	3	231,150
		263,650
Current assets
Stocks		4,675
Debtors		-
Cash at bank and in hand		19,301
		23,976
Creditors: amounts falling due within one year		(37,515)
Net current assets (liabilities)		(13,539)
Total assets less current liabilities		250,111
Creditors: amounts falling due after more than one year		(241,955)
Total net assets (liabilities)		8,156
Capital and reserves
Called up share capital	4	100
Profit and loss account		8,056
Shareholders' funds		8,156

For the year ending 31 October 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 18 July 2016

And signed on their behalf by:
JAMIE MACGREGOR, Director

THE TAVERN FORTROSE LIMITED Registered Number SC488368

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

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 sales made during the period.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 18% reducing balance

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
Additions	32,500
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	32,500
Amortisation
Charge for the year	-
On disposals	-
At 31 October 2015	-
Net book values
At 31 October 2015	32,500

INTANGIBLE ASSET REPRESENTS GOODWILL AT TIME OF PURCHASE

3Tangible fixed assets

	£
Cost
Additions	232,500
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	232,500
Depreciation
Charge for the year	1,350
On disposals	-
At 31 October 2015	1,350
Net book values
At 31 October 2015	231,150

HERITABLE PROPERTY 225,000
EQUIPMENT 7,500

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £
100 Ordinary shares of £1 each	100