Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
trueAlycidon Investments Limited018746342016-03-3116844671775452306303322617871115311153111558222335125121325121361861830630332261787306303322617873630334283201636764192252670947024210917142745157924559682700000183346722000001307769500000525698Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents gross rents receivable from the letting of investment properties.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from
the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or
its reversal, on an individual investment property is expected to be permanent, in which case it
is recognised in the profit and loss account for the year.
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime
importance. The departure from the provisions of the Act is required in order to give a true and fair view.Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Valuation Of Investments
Investments held as fixed assets other than investment properties are stated at cost less any provision for impairment.
22000001307769892231500000525698-2569827000001833467-25698892231The bank loans are secured by a legal charge on the investment properties and other tangible assets of the company, a first assignment over the company's interest in the rental income, and by right of set off over certain deposit balances. Ordinary1078311078310783'C' ordinary1111'E' ordinary1231123123'F' ordinary1231123123'G' ordinary1231123123Ordinary11115311153111532016-08-23G T Marsdentruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureAlycidon Investments Limited2015-04-012016-03-31Alycidon Investments Limited2014-04-012015-03-31Alycidon Investments Limited2014-03-31Alycidon Investments Limited2015-03-31Alycidon Investments Limited2015-03-31Alycidon Investments Limited2016-03-31 2016-08-23
