Abbreviated Company Accounts - SANDWICH BAY (RESIDENTS) LIMITED

Abbreviated Company Accounts - SANDWICH BAY (RESIDENTS) LIMITED

SANDWICH BAY (RESIDENTS) LIMITED - Company Information

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Registered Number 01444594

SANDWICH BAY (RESIDENTS) LIMITED

Abbreviated Accounts

31 March 2016

SANDWICH BAY (RESIDENTS) LIMITED Registered Number 01444594

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 3 47,848 49,624
47,848 49,624
Current assets
Stocks 1,200 1,500
Debtors 223 684
Cash at bank and in hand 283,362 273,356
284,785 275,540
Creditors: amounts falling due within one year (16,975) (22,845)
Net current assets (liabilities) 267,810 252,695
Total assets less current liabilities 315,658 302,319
Creditors: amounts falling due after more than one year (29,650) (30,450)
Total net assets (liabilities) 286,008 271,869
Reserves
Other reserves 124,479 124,479
Income and expenditure account 161,529 147,390
Members' funds 286,008 271,869
  • For the year ending 31 March 2016 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 3 September 2016

And signed on their behalf by:
M Parnell, Director

SANDWICH BAY (RESIDENTS) LIMITED Registered Number 01444594

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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.

Turnover policy
Turnover represents the value of goods and services supplied to customers during the year.

Tangible assets depreciation policy
Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates:


Freehold land - -% per annum of cost

Leasehold property - equal instalments over the period of the lease

Plant and machinery - 20% per annum of cost

Security equipment - 20% per annum of cost

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 April 2015 94,963
Additions 6,674
Disposals (12,100)
Revaluations -
Transfers -
At 31 March 2016 89,537
Depreciation
At 1 April 2015 45,339
Charge for the year 3,610
On disposals (7,260)
At 31 March 2016 41,689
Net book values
At 31 March 2016 47,848
At 31 March 2015 49,624