Markmill Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01963589 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2015

for

Markmill Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr G N Pack

Mr A G Fortescue

SECRETARY:

Mr G N Pack

REGISTERED OFFICE:

Waterside Farm

West Brabourne

Ashford

Kent

TN25 5NA

REGISTERED NUMBER:

01963589 (England and Wales)

ACCOUNTANTS:

Berry & Co

7 Clarendon Place

King Street

Maidstone

Kent

ME14 1BQ

FIXED ASSETS

Tangible assets

2

426,882

CURRENT ASSETS

Cash at bank

14,970

7,285

CREDITORS

Amounts falling due within one year

33,306

23,201

NET CURRENT LIABILITIES

(18,336

)

(15,916

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

408,546

410,966

CREDITORS

Amounts falling due after more than one year

-

30,000

NET ASSETS

408,546

380,966

CAPITAL AND RESERVES

Called up share capital

3

10,000

Revaluation reserve

129,923

Profit and loss account

268,623

241,043

SHAREHOLDERS' FUNDS

408,546

380,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 30 June 2016 and were signed on its behalf by:

Mr A G Fortescue - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain

assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Investment property

In accordance with Statement of Standard Accounting Practice number 19, interests in property which is held for its

investment potential are carried in the balance sheet at their open market value. The directors consider that this accounting

policy results in the accounts giving a true and fair view.

Changes in value are not taken to the profit and loss account but are disclosed as a movement on an investment revaluation

reserve, unless the total of the reserve is insufficient to cover a deficit, in which case the shortfall is charged to the profit

and loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 December 2014

and 30 November 2015

426,882

NET BOOK VALUE

At 30 November 2015

426,882

At 30 November 2014

426,882

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

10,000

Ordinary

£1

10,000