Abbreviated Company Accounts - 60 WESTBOURNE ROAD LIMITED
Abbreviated Company Accounts - 60 WESTBOURNE ROAD LIMITED
Registered Number 04353748
60 WESTBOURNE ROAD LIMITED
Abbreviated Accounts
31 December 2015
60 WESTBOURNE ROAD LIMITED Registered Number 04353748
Abbreviated Balance Sheet as at 31 December 2015
Notes | 2015 | 2014 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|||
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year | 3 |
( |
( |
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Shareholders' funds |
|
|
For the year ending 31 December 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
And signed on their behalf by:
60 WESTBOURNE ROAD LIMITED Registered Number 04353748
Notes to the Abbreviated Accounts for the period ended 31 December 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Tangible assets depreciation policy
investment properties and in accordance with applicable Accounting Standards and the Financial
Reporting Standard for Smaller Entities effective April 2008. The financial statements are in
compliance with the Companies Act 2006 except that, as explained below, investment properties are
not depreciated.
Depreciation:
Depreciation has been provided at the following rates in order to write the asset off over its
estimated useful life.
Land & Buildings 0% Straight Line
£ | |
---|---|
Cost | |
At 1 January 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 December 2015 |
|
Depreciation | |
At 1 January 2015 |
|
Charge for the year |
|
On disposals |
|
At 31 December 2015 |
|
Net book values | |
At 31 December 2015 | 12,608 |
At 31 December 2014 | 12,608 |
depreciation is provided in respect of freehold properties with over 20 years to expiry. This is a
departure from the requirements of the Companies Act 2006 which requires all properties to be
depreciated. Such properties are not held for consumption but for investment and the director
considers that to depreciate them would not give a true and fair view. Depreciation is only one of
many factors reflected in the annual valuation of properties and accordingly the amount of
depreciation which might otherwise have been charged cannot be separately identified or quantified.
The director considers that this policy results in the accounts giving a true and fair view.
The freehold property is held for long term investment. Investment properties are valued at open
market value. The investment property is to be carried at the current market valuation with no
provision for depreciation.
2015
£ |
2014
£ |
|
---|---|---|
Non-instalment debts due after 5 years |
|
|
5Transactions with directors
Name of director receiving advance or credit: | ||
---|---|---|
Description of the transaction: | ||
Balance at 1 January 2015: | £ |
|
Advances or credits made: | ||
Advances or credits repaid: | ||
Balance at 31 December 2015: | £ |