Abbreviated Company Accounts - TUFTON HOUSE ASSET MANAGEMENT LIMITED

Abbreviated Company Accounts - TUFTON HOUSE ASSET MANAGEMENT LIMITED


Registered Number 07624217

TUFTON HOUSE ASSET MANAGEMENT LIMITED

Abbreviated Accounts

1 April 2016

TUFTON HOUSE ASSET MANAGEMENT LIMITED Registered Number 07624217

Abbreviated Balance Sheet as at 1 April 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 - 3,161
- 3,161
Current assets
Debtors 100,100 69,100
Cash at bank and in hand 145,326 17,052
245,426 86,152
Creditors: amounts falling due within one year (246,489) (239,979)
Net current assets (liabilities) (1,063) (153,827)
Total assets less current liabilities (1,063) (150,666)
Total net assets (liabilities) (1,063) (150,666)
Capital and reserves
Called up share capital 3 100 100
Profit and loss account (1,163) (150,766)
Shareholders' funds (1,063) (150,666)
  • For the year ending 1 April 2016 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 26 September 2016

And signed on their behalf by:
William Stevenson, Director

TUFTON HOUSE ASSET MANAGEMENT LIMITED Registered Number 07624217

Notes to the Abbreviated Accounts for the period ended 1 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention

The accounts are 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 total invoice value, excluding value added tax, of sales made during the provision of services falling within the company’s ordinary activities.

Tangible assets depreciation policy
Depreciation is provided in full to the extent of the net book value of the asset in the year of cessation. In the preceding years it was calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 33% straight line

2Tangible fixed assets
£
Cost
At 1 April 2015 7,332
Additions -
Disposals -
Revaluations -
Transfers -
At 1 April 2016 7,332
Depreciation
At 1 April 2015 4,171
Charge for the year 3,161
On disposals -
At 1 April 2016 7,332
Net book values
At 1 April 2016 0
At 31 March 2015 3,161
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100
100 Ordinary shares of £1 each 100 100
100 Ordinary shares of £1 each 100 100