Schemeasset Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02520541 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st March 2016

for

Schemeasset Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B J Smith

L J Smith

SECRETARY:

Mrs S A Brooks

REGISTERED OFFICE:

Orwell House

50 High Street

Hungerford

Berkshire

RG17 0NE

REGISTERED NUMBER:

02520541 (England and Wales)

ACCOUNTANTS:

LJ Smith Accountants Ltd

Orwell House

50 High Street

Hungerford

Berkshire

RG17 0NE

FIXED ASSETS

Tangible assets

2

100,759

101,898

CURRENT ASSETS

Debtors

151,899

153,682

CREDITORS

Amounts falling due within one year

46,768

3,629

NET CURRENT ASSETS

105,131

150,053

TOTAL ASSETS LESS CURRENT
LIABILITIES

205,890

251,951

CREDITORS

Amounts falling due after more than one
year

81,368

81,381

NET ASSETS

124,522

170,570

CAPITAL AND RESERVES

Called up share capital

3

98,800

Revaluation reserve

20,000

Profit and loss account

5,722

51,770

SHAREHOLDERS' FUNDS

124,522

170,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8th November 2016 and were signed on its behalf
by:

L J Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Tangible fixed assets

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

Freehold property

-

not provided

Fixtures and fittings

-

15% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

107,593

DEPRECIATION

At 1st April 2015

5,695

Charge for year

1,139

At 31st March 2016

6,834

NET BOOK VALUE

At 31st March 2016

100,759

At 31st March 2015

101,898

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

98,800

Ordinary

£1

98,800

4.	ULTIMATE PARENT COMPANY

Jayborth Properties Ltd is regarded by the directors as being the company's ultimate parent company.