Abbreviated Company Accounts - DANVIEW PROPERTIES LIMITED

DANVIEW PROPERTIES LIMITED - Company Information

Registered Number 03024144

DANVIEW PROPERTIES LIMITED

Abbreviated Accounts

28 February 2016

DANVIEW PROPERTIES LIMITED Registered Number 03024144

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	570,000	570,000
		570,000	570,000
Current assets
Debtors		101,900	101,900
Cash at bank and in hand		29,036	26,916
		130,936	128,816
Creditors: amounts falling due within one year		(201,985)	(207,055)
Net current assets (liabilities)		(71,049)	(78,239)
Total assets less current liabilities		498,951	491,761
Total net assets (liabilities)		498,951	491,761
Capital and reserves
Called up share capital		2	2
Revaluation reserve		435,183	435,183
Profit and loss account		63,766	56,576
Shareholders' funds		498,951	491,761

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 23 November 2016

And signed on their behalf by:
Mr M Surkis, Director

DANVIEW PROPERTIES LIMITED Registered Number 03024144

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, as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents rents and similar charges exclusive of VAT.

Other accounting policies
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no provision is made for depreciation in respect of freehold properties or leasehold properties with more than 20 years remaining as investments. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 March 2015	570,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	570,000
Depreciation
At 1 March 2015	-
Charge for the year	-
On disposals	-
At 28 February 2016	-
Net book values
At 28 February 2016	570,000
At 28 February 2015	570,000