Abbreviated Company Accounts - CULTURE COMMERCIAL PROPERTIES LIMITED

Abbreviated Company Accounts - CULTURE COMMERCIAL PROPERTIES LIMITED

CULTURE COMMERCIAL PROPERTIES LIMITED - Company Information

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Registered Number 04805810

CULTURE COMMERCIAL PROPERTIES LIMITED

Abbreviated Accounts

31 December 2015

CULTURE COMMERCIAL PROPERTIES LIMITED Registered Number 04805810

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 606,340 606,510
606,340 606,510
Current assets
Debtors 4,093 3,012
Cash at bank and in hand 3,462 3,236
7,555 6,248
Creditors: amounts falling due within one year (372,388) (381,908)
Net current assets (liabilities) (364,833) (375,660)
Total assets less current liabilities 241,507 230,850
Creditors: amounts falling due after more than one year (73,608) (73,608)
Total net assets (liabilities) 167,899 157,242
Capital and reserves
Called up share capital 2 2
Profit and loss account 167,897 157,240
Shareholders' funds 167,899 157,242
  • 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 29 September 2016

And signed on their behalf by:
Mr Sean Dickman, Director

CULTURE COMMERCIAL PROPERTIES LIMITED Registered Number 04805810

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 April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 25% reducing balance basis
Fixtures & Fittings - 15% reducing balance basi

2Tangible fixed assets
£
Cost
At 1 January 2015 609,188
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 609,188
Depreciation
At 1 January 2015 2,678
Charge for the year 170
On disposals -
At 31 December 2015 2,848
Net book values
At 31 December 2015 606,340
At 31 December 2014 606,510