Abbreviated Company Accounts - INVESTITURE LIMITED

Abbreviated Company Accounts - INVESTITURE LIMITED


Registered Number 07102176

INVESTITURE LIMITED

Abbreviated Accounts

31 December 2015

INVESTITURE LIMITED Registered Number 07102176

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 2,302 3,070
2,302 3,070
Current assets
Debtors 705 -
Cash at bank and in hand 3,042 2,883
3,747 2,883
Creditors: amounts falling due within one year (15,012) (18,733)
Net current assets (liabilities) (11,265) (15,850)
Total assets less current liabilities (8,963) (12,780)
Total net assets (liabilities) (8,963) (12,780)
Capital and reserves
Called up share capital 3 1 1
Profit and loss account (8,964) (12,781)
Shareholders' funds (8,963) (12,780)
  • 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 Elmar Van Der Merwe, Director

INVESTITURE LIMITED Registered Number 07102176

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.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixture & Fittings - 25% Reducing balance method

Other accounting policies
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Operating lease agreements
Rentals applicable to operating lease where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

2Tangible fixed assets
£
Cost
At 1 January 2015 6,974
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 6,974
Depreciation
At 1 January 2015 3,904
Charge for the year 768
On disposals -
At 31 December 2015 4,672
Net book values
At 31 December 2015 2,302
At 31 December 2014 3,070
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
1 Ordinary shares of £1 each 1 1