Abbreviated Company Accounts - THE FRENCH PROPERTY BUREAU LIMITED

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of Accounting
The accounts have been prepared under the historical cost convetion in accordance with the accounting policies set out below. These accounts have been prepared in accordance with FRS 102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover policy
Turnover represents amounts receivable for services supplied in the course of conducting its principal activities.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Equipment - 25% on reducing balance.

Other accounting policies
Debtors
Known bad debts are written off and provision is made for any considered to be doubtful.

Foreign Currencies
Monetary assets and liabilities are translated into Sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at operating results.

Taxation
Taxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

4Transactions with directors