Tweedcross Limited - Period Ending 2016-03-31

Registration number: 02196658

Tweedcross Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 31 March 2016

Tweedcross Limited

Contents

Abbreviated Balance Sheet	1 to 2
Notes to the Abbreviated Accounts	3

Tweedcross Limited

(Registration number: 02196658)
Abbreviated Balance Sheet as at 31 March 2016

	Note	2016  £	2015  £
Fixed assets
Tangible assets	2	12,564	12,564
Current assets
Debtors		29,817	22,595
Cash at bank and in hand		33,509	37,246
		63,326	59,841
Prepayments and accrued income		2,987	3,312
Creditors: Amounts falling due within one year		(3,843)	(3,798)
Net current assets		62,470	59,355
Total assets less current liabilities		75,034	71,919
Provisions for liabilities		(53,889)	(51,908)
Accruals and deferred income		(3,598)	(2,467)
Net assets		17,547	17,544
Capital and reserves
Called up share capital	3	20	20
Share premium reserve		12,083	12,083
Profit and loss account		5,444	5,441
Shareholders funds		17,547	17,544

For the year ending 31 March 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.

The notes on page 3 form an integral part of these financial statements.
Page 1

Tweedcross Limited

(Registration number: 02196658)
Abbreviated Balance Sheet as at 31 March 2016

Approved by the director on 29 September 2016

.........................................
J. M. P. Rozario
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Tweedcross Limited

Notes to the Abbreviated Accounts

1

Accounting policies

Turnover

Turnover represents amounts received from residents towards the cost of repairing and maintaining the properties. It is not trading income.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Provisions

A provision is recognised when there is a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

2

Fixed assets

	Tangible assets £	Total £
Cost
At 1 April 2015	12,564	12,564
At 31 March 2016	12,564	12,564
Depreciation
At 31 March 2016	-	-
Net book value
At 31 March 2016	12,564	12,564
At 31 March 2015	12,564	12,564

3

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary shares of £1 each	290	290	290	290

Page 3