Abbreviated Company Accounts - MASTERWORK INVESTMENT CONSORTIUM LTD

Abbreviated Company Accounts - MASTERWORK INVESTMENT CONSORTIUM LTD


Registered Number 06740099

MASTERWORK INVESTMENT CONSORTIUM LTD

Abbreviated Accounts

30 November 2015

MASTERWORK INVESTMENT CONSORTIUM LTD Registered Number 06740099

Abbreviated Balance Sheet as at 30 November 2015

Notes 2015 2014
£ £
Current assets
Stocks 2,474,708 2,058,896
Debtors 180,228 81,125
Cash at bank and in hand 76,727 1,631
2,731,663 2,141,652
Creditors: amounts falling due within one year (2,682,991) (2,275,355)
Net current assets (liabilities) 48,672 (133,703)
Total assets less current liabilities 48,672 (133,703)
Total net assets (liabilities) 48,672 (133,703)
Capital and reserves
Called up share capital 3 2
Share premium account 199,999 0
Profit and loss account (151,330) (133,705)
Shareholders' funds 48,672 (133,703)
  • For the year ending 30 November 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 14 October 2016

And signed on their behalf by:
Mr Engin Ertosun, Director

MASTERWORK INVESTMENT CONSORTIUM LTD Registered Number 06740099

Notes to the Abbreviated Accounts for the period ended 30 November 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.

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.