Abbreviated Company Accounts - DESCO DEVELOPMENTS LIMITED

DESCO DEVELOPMENTS LIMITED - Company Information

Registered Number 01492094

DESCO DEVELOPMENTS LIMITED

Abbreviated Accounts

31 December 2015

DESCO DEVELOPMENTS LIMITED Registered Number 01492094

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	380,000	380,000
Investments	3	49	49
		380,049	380,049
Current assets
Stocks		6,000	6,000
Cash at bank and in hand		439	933
		6,439	6,933
Creditors: amounts falling due within one year		(4,940)	(4,340)
Net current assets (liabilities)		1,499	2,593
Total assets less current liabilities		381,548	382,642
Creditors: amounts falling due after more than one year		(358,396)	(371,375)
Total net assets (liabilities)		23,152	11,267
Capital and reserves
Called up share capital		153	153
Revaluation reserve		374,619	374,619
Profit and loss account		(351,620)	(363,505)
Shareholders' funds		23,152	11,267

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:
W J Van Driessche, Director

DESCO DEVELOPMENTS LIMITED Registered Number 01492094

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.

Tangible assets depreciation policy
Freehold properties are revalued periodically by the directors and the aggregate surplus or deficit is transferred to revaluation reserve. No depreciation is provided in respect of these properties.

2Tangible fixed assets

	£
Cost
At 1 January 2015	380,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	380,000
Depreciation
At 1 January 2015	-
Charge for the year	-
On disposals	-
At 31 December 2015	-
Net book values
At 31 December 2015	380,000
At 31 December 2014	380,000

Freehold properties

3Fixed assets Investments
The company owns 98% of the shareholding of Insureduty Ltd as a cost of £49.00. The balance sheet of this company as at 31st December 2015 showed a total net worth of £395,991