Accounts filed on 31-03-2016

trueDULCINE LIMITED006919742016-03-3113527381301979256848525177261001001215647121564725684852517726144081440825828932532134853194802544429303940589612484194914730160088813948259411729699172959015400001540000189699189590Accounting Convention The report and financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Turnover Turnover represents rental income receivable for the year. Investment Properties The investment properties are stated at valuation and no depreciation has been provided. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. The aggregate surplus or deficit arising on revaluation is transferred to the revaluation reserve except where a deficit is deemed to represent a permanent diminution in value, in which case it is charged to the profit and loss account.15400001540000Freehold Land and Buildings were revalued at 31 March 2016 on the basis of open market value by Mr A Roberts a director of the company. The historical cost of Freehold Land and Buildings included at valuation was £324,353 (2015 £324,353). No provision has been made for the potential Corporation Tax liability of approximately £137,400 which would arise if the properties were sold at their market values on 31 March 2016. 18969918959010917296991729590109 Freehold Land and Buildings were revalued at 31 March 2016 on the basis of open market value by Mr A Roberts a director of the company. The historical cost of Freehold Land and Buildings included at valuation was £324,353 (2015 £324,353). No provision has been made for the potential Corporation Tax liability of approximately £137,400 which would arise if the properties were sold at their market values on 31 March 2016. Ordinary1001100100Ordinary11001001002016-10-31Mr A Robertstruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureDULCINE LIMITED2015-04-012016-03-31DULCINE LIMITED2014-04-012015-03-31DULCINE LIMITED2014-03-31DULCINE LIMITED2015-03-31DULCINE LIMITED2015-03-31DULCINE LIMITED2016-03-31 2016-11-09