Abbreviated Company Accounts - MALEMINSTER LIMITED

MALEMINSTER LIMITED - Company Information

01602151 MALEMINSTER LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 01602151 2015-01-01 2015-12-31 01602151 2015-12-31 01602151 2014-12-31 01602151 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 01602151 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 01602151

MALEMINSTER LIMITED

Abbreviated Accounts

31 December 2015

MALEMINSTER LIMITED Registered Number 01602151

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	14,769,053	15,017,875
Investments	3	2,434,879	2,059,879
		17,203,932	17,077,754
Current assets
Debtors		1,332,428	1,255,472
Cash at bank and in hand		222,680	103,634
		1,555,108	1,359,106
Creditors: amounts falling due within one year	4	(376,555)	(370,134)
Net current assets (liabilities)		1,178,553	988,972
Total assets less current liabilities		18,382,485	18,066,726
Creditors: amounts falling due after more than one year	4	(6,572,600)	(6,272,968)
Total net assets (liabilities)		11,809,885	11,793,758
Capital and reserves
Called up share capital	5	2,000,000	2,000,000
Revaluation reserve		9,779,208	9,779,208
Profit and loss account		30,677	14,550
Shareholders' funds		11,809,885	11,793,758

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 21 September 2016

And signed on their behalf by:
M Jammal, Director

MALEMINSTER LIMITED Registered Number 01602151

Notes to the Abbreviated Accounts for the period ended 31 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 January 2015.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over it's expected useful expected life, as follows:
Lann and buildings - nil
Leasehold properties - straight line over the life of the lease
Fixtures, fittings and equipment - 25% Reducing balance basis
Motor vehicles - 20% straight line

Valuation information and policy
The company's investment property including improvements are stated at market value. No provision for depreciation is made within the financial statements. This departure from the requirement of the Companies Act 2006 to depreciate fixed assets over its expected useful life is in order to give a true and fair view.

Fixed asset investments are stated at cost less provision for permanent diminution in value.

Other accounting policies
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

2Tangible fixed assets

	£
Cost
At 1 January 2015	15,068,918
Additions	18,799
Disposals	(258,548)
Revaluations	-
Transfers	-
At 31 December 2015	14,829,169
Depreciation
At 1 January 2015	51,043
Charge for the year	9,073
On disposals	-
At 31 December 2015	60,116
Net book values
At 31 December 2015	14,769,053
At 31 December 2014	15,017,875

3Fixed assets Investments
Subsidiary undertaking: £2,434,879 (2014: £2,059,879)

4Creditors

	2015 £	2014 £
Secured Debts	6,719,100	6,419,468
Instalment debts due after 5 years	6,572,600	6,272,968

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2,000,000 Ordinary shares of £1 each	2,000,000	2,000,000