Abbreviated Company Accounts - NMT LIMITED

03493030 NMT LIMITED 2015-10-31 false 2014-11-01 2015-10-31 true 03493030 2014-11-01 2015-10-31 03493030 2015-10-31 03493030 2014-10-31 03493030 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 03493030 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 uk-gaap-cd-bus:Director3 2014-11-01 2015-10-31 uk-gaap-cd-bus:Director3 2015-10-31 uk-gaap-cd-bus:Director3 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 iso4217:GBP shares

Registered Number 03493030

NMT LIMITED

Abbreviated Accounts

31 October 2015

NMT LIMITED Registered Number 03493030

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	4,091,063	3,981,417
Investments	3	406,708	170
		4,497,771	3,981,587
Current assets
Debtors	4	430,296	500,963
Cash at bank and in hand		6,856	10,693
		437,152	511,656
Creditors: amounts falling due within one year	5	(406,617)	(2,943,074)
Net current assets (liabilities)		30,535	(2,431,418)
Total assets less current liabilities		4,528,306	1,550,169
Creditors: amounts falling due after more than one year	5	(2,433,589)	(37,400)
Total net assets (liabilities)		2,094,717	1,512,769
Capital and reserves
Called up share capital	6	1	1
Revaluation reserve		583,124	445,447
Profit and loss account		1,511,592	1,067,321
Shareholders' funds		2,094,717	1,512,769

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 26 August 2016

And signed on their behalf by:
Mrs N Fletcher, Director

NMT LIMITED Registered Number 03493030

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.

The financial statements have been prepared on a going concern basis, which assumes the continued support of the company's bankers. The company has during the year obtained new banking facilities and the director is confident that these facilities are sufficient for the company in view of projected cash flows.

Turnover policy
Turnover represents rental income receivable for the period net of vat and trade discounts.

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

Freehold land and buildings - Not depreciated
Fixtures fittions and equipment - 25% and 10% reducing balance

Valuation information and policy
Investment properties are included in the balance sheet at their open market balue. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Althought this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately indentified or quantified.

Other accounting policies
Fixed asset investments are stated at cost less provision for diminution in value.

2Tangible fixed assets

	£
Cost
At 1 November 2014	4,037,667
Additions	-
Disposals	-
Revaluations	137,676
Transfers	-
At 31 October 2015	4,175,343
Depreciation
At 1 November 2014	56,250
Charge for the year	28,030
On disposals	-
At 31 October 2015	84,280
Net book values
At 31 October 2015	4,091,063
At 31 October 2014	3,981,417

3Fixed assets Investments
The company holds 100% of the share capital of Dukevale Limited, a dormant company registered in England and Wales. At 31 October 2015 Dukevale Limited had no profit or loss for the year and accumulated capital and reserves of £2,464.
Under the provision of Section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, the accounts show information about the company as an individual entity.

4Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	0	333,295

5Creditors

	2015 £	2014 £
Secured Debts	2,416,589	2,516,060
Instalment debts due after 5 years	2,097,727	49,654

6Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1

7Transactions with directors

Name of director receiving advance or credit:	Mrs N Fletcher
Description of the transaction:	Loan
Balance at 1 November 2014:	£ 28,056
Advances or credits made:	£ 1,500
Advances or credits repaid:	-
Balance at 31 October 2015:	£ 29,556