Accounts filed on 31-12-2015
Accounts filed on 31-12-2015
trueSood Properties Limited060312202015-12-318970372541921667503622246124939216675036591018235608683184310644-422065-17553345455826494332493894100592101246112493200321770711052494861771105249486177Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The principal activity of the company is exposed to inherent uncertainties and global market fluctuations beyond the control of the management of the company. The company meets its working capital requirements from its day to day activities in this market place and the director considers that the company will continue to operate on this basis and that it is appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a downturn in the market in which it operates.
The company has taken advantage of the exemption in Financial Reporting Standard number 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from
the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or
its reversal, on an individual investment property is expected to be permanent, in which case it
is recognised in the profit and loss account for the year.
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.Fixed Assets
All fixed assets are initially recorded at cost.
Plant & MachineryReducing balance0.2500Fixtures & FittingsMethod for Fixtures & fittings0.0000EquipmentReducing balance0.250011102074882256219824958204829101110207488225621982495820482910591018235608591018235608Ordinary2122Ordinary12222016-09-21Mr N Soodtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureSood Properties Limited2015-01-012015-12-31Sood Properties Limited2014-01-012014-12-31Sood Properties Limited2013-12-31Sood Properties Limited2014-12-31Sood Properties Limited2014-12-31Sood Properties Limited2015-12-31 2016-09-27
