ACCOUNTS - Final Accounts preparation

Registered number: 09775490

MSKS PROPERTY LTD

UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2016


MSKS PROPERTY LTD

CONTENTS

	Page
Abbreviated balance sheet	1
Notes to the abbreviated accounts	2


MSKS PROPERTY LTD REGISTERED NUMBER: 09775490

ABBREVIATED BALANCE SHEET

AS AT 31 MARCH 2016

2016

	Note	£	£
FIXED ASSETS
Investment property	2		31,525

CURRENT ASSETS
Cash at bank and in hand	1,381
CREDITORS: amounts falling due within one year	(33,464)
NET CURRENT LIABILITIES		(32,083)

TOTAL ASSETS LESS CURRENT LIABILITIES

(558)

CAPITAL AND RESERVES
Called up share capital	3	4
Profit and loss account		(562)

(558)

The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2016 and of its loss for the period in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 29 July 2016.

M.T. Wright

Director

The notes on page 2 form part of these abbreviated accounts.

Page 1


MSKS PROPERTY LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2016

1.ACCOUNTING POLICIES

	1.1	Basis of preparation of financial statements
		The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	1.2	Going concern
		The company is dependent upon the financial support of its directors, who have indicated that they will continue to provide the financial support necessary to enable the company to continue in operational existence for the foreseeable future. Accordingly, these financial statements have been prepared on the going concern basis.

	1.3	Turnover
		Turnover comprises rent receivable.

	1.4	Investment properties
		In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) investment properties are included in the financial statements at their open market value and are not depreciated. This is a departure from the Companies Act 2006 which requires all fixed assets, except land, to be depreciated. The surplus or deficit on the annual revaluation is transferred to a revaluation reserve, except where the deficit reduces the property below its historical cost, in which case it is taken to the profit and loss account.

2.INVESTMENT PROPERTY

		£
	Valuation
	Additions at cost - following a professional valuation	31,525
	At 31 March 2016	31,525

3.SHARE CAPITAL

			2016
			£
		Allotted, called up and fully paid

		4 Ordinary shares of £1 each	4

4 Ordinary shares of £1 each were issued during the period.

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