DALTON_BUILDINGS_(MANCHES - Accounts

DALTON BUILDINGS (MANCHESTER) LIMITED - Company Information

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DALTON BUILDINGS (MANCHESTER) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2016

Company Registration No. 289030 (England and Wales)

DALTON BUILDINGS (MANCHESTER) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DALTON BUILDINGS (MANCHESTER) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

8,077

Current assets

Debtors

385

165

Cash at bank and in hand

311,144

138,041

311,529

138,206

Creditors: amounts falling due within one year

(26,207)

(11,053)

Net current assets

285,322

127,153

Total assets less current liabilities

285,322

135,230

Capital and reserves

Called up share capital

50,000

Share premium account

8,194

Profit and loss account

227,128

77,036

Shareholders' funds

285,322

135,230

For the financial period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 25 August 2016

R Weisberg

Director

Company Registration No. 289030

DALTON BUILDINGS (MANCHESTER) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

1.3

Turnover

Turnover represents the income derived from the rental of the company's property.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

see below

Company policy is to maintain the freehold property to a high standard by a continued programme of refurbishment and maintenance. In accordance with this practice, depreciation is not provided on the freehold property, where in the opinion of the directors, the residual value compared with the original cost is such that any depreciation charge would be nil.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit and loss.

1.5

Pensions

The company makes contributions to the directors' personal pension plan. Contributions payable are charged to the profit and loss account in the period they are payable.

Fixed assets

Tangible assets

Cost

At 25 June 2015

8,077

Disposals

(8,077)

At 31 March 2016

At 24 June 2015

8,077

DALTON BUILDINGS (MANCHESTER) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

50,000 ordinary shares of £1 each

50,000