Abbreviated Company Accounts - SYSTEMPLACE LIMITED

SYSTEMPLACE LIMITED - Company Information

02679125 SYSTEMPLACE LIMITED 2015-12-24 false 2014-12-25 2015-12-24 true 02679125 2014-12-25 2015-12-24 02679125 2015-12-24 02679125 2014-12-24 02679125 uk-gaap-cd-bus:Director1 2014-12-25 2015-12-24 02679125 uk-gaap-cd-bus:Director2 2014-12-25 2015-12-24 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-25 2015-12-24 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-24 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-24 iso4217:GBP shares

Registered Number 02679125

SYSTEMPLACE LIMITED

Abbreviated Accounts

24 December 2015

SYSTEMPLACE LIMITED Registered Number 02679125

Abbreviated Balance Sheet as at 24 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,440	2,440
		2,440	2,440
Current assets
Debtors		108	108
Cash at bank and in hand		622	1,283
		730	1,391
Creditors: amounts falling due within one year		(667)	(1,328)
Net current assets (liabilities)		63	63
Total assets less current liabilities		2,503	2,503
Total net assets (liabilities)		2,503	2,503
Capital and reserves
Called up share capital	3	8	8
Share premium account		2,440	2,440
Profit and loss account		55	55
Shareholders' funds		2,503	2,503

For the year ending 24 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 20 June 2016

And signed on their behalf by:
Mr C J I Morgan, Director

SYSTEMPLACE LIMITED Registered Number 02679125

Notes to the Abbreviated Accounts for the period ended 24 December 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 are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (expect as otherwise stated).

Turnover policy
Turnover represents ground rents received and transfers from maintenance reserve. Under the terms of its leases with its tenants the company is entitled to make a charge on the tenants for certain of its costs which it incurs them. Monies are received from the tenants and treated as receipts in advance. Transfers are made to profit and loss account only when relevant costs are incurred.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land 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 - not depreciated.

2Tangible fixed assets

	£
Cost
At 25 December 2014	2,440
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 24 December 2015	2,440
Depreciation
At 25 December 2014	-
Charge for the year	-
On disposals	-
At 24 December 2015	-
Net book values
At 24 December 2015	2,440
At 24 December 2014	2,440

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
8 Ordinary shares of £1 each	8	8