Abbreviated Company Accounts - CENTMETAL PROPERTY LIMITED

Abbreviated Company Accounts - CENTMETAL PROPERTY LIMITED


Registered Number 06081444

CENTMETAL PROPERTY LIMITED

Abbreviated Accounts

31 March 2016

CENTMETAL PROPERTY LIMITED Registered Number 06081444

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 746,643 758,643
Investments 3 - 1
746,643 758,644
Current assets
Debtors 219,871 168,758
Cash at bank and in hand 40,774 1,683
260,645 170,441
Creditors: amounts falling due within one year (243,841) (200,225)
Net current assets (liabilities) 16,804 (29,784)
Total assets less current liabilities 763,447 728,860
Creditors: amounts falling due after more than one year (545,954) (585,241)
Total net assets (liabilities) 217,493 143,619
Capital and reserves
Called up share capital 4 869 869
Profit and loss account 216,624 142,750
Shareholders' funds 217,493 143,619
  • For the year ending 31 March 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 8 December 2016

And signed on their behalf by:
Mr P D Maurice, Director

CENTMETAL PROPERTY LIMITED Registered Number 06081444

Notes to the Abbreviated Accounts for the period ended 31 March 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 January 2015.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Freehold Property 2% Straight Line

2Tangible fixed assets
£
Cost
At 1 April 2015 856,643
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 856,643
Depreciation
At 1 April 2015 98,000
Charge for the year 12,000
On disposals -
At 31 March 2016 110,000
Net book values
At 31 March 2016 746,643
At 31 March 2015 758,643

3Fixed assets Investments
All fixed assets are initially recorded at cost

4Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
869 Ordinary shares of £1 each 869 869