Abbreviated Company Accounts - TOWAN VALLEY TWO LTD

TOWAN VALLEY TWO LTD - Company Information

09443077 TOWAN VALLEY TWO LTD 2016-02-28 false 2015-02-17 2016-02-28 true 09443077 2015-02-17 2016-02-28 09443077 2016-02-28 09443077 uk-gaap-cd-bus:Director1 2015-02-17 2016-02-28 09443077 uk-gaap-cd-bus:Director2 2015-02-17 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-17 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 iso4217:GBP shares

Registered Number 09443077

TOWAN VALLEY TWO LTD

Abbreviated Accounts

28 February 2016

TOWAN VALLEY TWO LTD Registered Number 09443077

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	1,380,000
		1,380,000
Current assets
Debtors		149,069
Cash at bank and in hand		1
		149,070
Creditors: amounts falling due within one year		(1,158,543)
Net current assets (liabilities)		(1,009,473)
Total assets less current liabilities		370,527
Total net assets (liabilities)		370,527
Capital and reserves
Called up share capital	3	100
Revaluation reserve		600,000
Profit and loss account		(229,573)
Shareholders' funds		370,527

For the year ending 28 February 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.

Approved by the Board on 17 November 2016

And signed on their behalf by:
Mr A Clark, Director

TOWAN VALLEY TWO LTD Registered Number 09443077

Notes to the Abbreviated Accounts for the period ended 28 February 2016

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.

Turnover policy
Turnover represents net invoices sales, excluding value added tax.

Tangible assets depreciation policy
Depreciation has not been provided on land owned by the company as the Directors' confirmed the revalued asset value with Chartered Surveyors at the period end.

Valuation information and policy
Valuations have been prepared by independent Chartered Surveyors in accordance with RICS Valuation Professional Standards.

Other accounting policies
Basis of preparing the financial statements
The company has net current liabilities at the balance sheet date and is reliant upon continued support of its Directors and creditors. The Directors consider the going concern basis for preparation of the accounts to be appropriate.

2Tangible fixed assets

	£
Cost
Additions	780,000
Disposals	-
Revaluations	600,000
Transfers	-
At 28 February 2016	1,380,000
Depreciation
Charge for the year	-
On disposals	-
At 28 February 2016	-
Net book values
At 28 February 2016	1,380,000

Land purchased during the period was revalued on 26 February 2015 by Chartered Surveyors.

The valuation was confirmed again in February 2016.

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £
100 Ordinary shares of £1 each	100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.