MAV Properties (UK) Limited,Ltd - Accounts

MAV Properties (UK) Limited,Ltd - Accounts

MAV PROPERTIES (UK) LTD - Company Information

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2014-12-01 true false Private Limited Company 06009608 2015-11-30 06009608 2014-12-01 2015-11-30 06009608 2014-11-30 06009608 2013-12-01 2014-11-30 06009608 uk-bus:Director1 2014-12-01 2015-11-30 06009608 uk-gaap:Buildings 2014-12-01 2015-11-30 06009608 uk-gaap:FixturesFittings 2014-12-01 2015-11-30 06009608 uk-bus:OrdinaryShareClass1 2015-11-30 iso4217:GBP
MAV Properties (UK) Limited
For the year ended 30 November 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06009608
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Contents Page
MAV Properties (UK) Limited
For the year ended 30 November 2015
1
Balance Sheet
2
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
MAV Properties (UK) Limited
As at 30 November 2015
06009608
Registered Number :
£
£
2015
Notes
2014
Current assets
Stocks
1,017,543
1,017,543
1,017,543
1,017,543
Creditors: amounts falling due within one year
(769,970)
(775,657)
247,573
241,886
Net current assets
Total assets less current liabilities
241,886
247,573
Creditors: amounts falling due after more than one year
(300,056)
(300,056)
(58,170)
Net liabilities
(52,483)
Capital and reserves
Called up share capital
2
3
2
Profit and loss account
(58,172)
(52,485)
(58,170)
(52,483)
Shareholders funds
For the year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 27 August 2016
Mr Manveer Singh Sandhu Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
MAV Properties (UK) Limited
For the year ended 30 November 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents rents receivable.
Tangible fixed assets
Tangible fixed assets, other than leasehold property, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
0% Per annum on cost
Fixtures and Fittings
20% Reducing balance
Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 Fixed asset investments
Net book value
At 30 November 2015
-
-
3 Share capital
Allotted called up and fully paid
2015
2014
£
£
2 Ordinary shares of £1.00 each
2
2
2
2
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