Abbreviated Company Accounts - ABBOTSWOOD DEVELOPMENTS LIMITED
Abbreviated Company Accounts - ABBOTSWOOD DEVELOPMENTS LIMITED
Registered Number 03735714
ABBOTSWOOD DEVELOPMENTS LIMITED
Abbreviated Accounts
31 March 2016
ABBOTSWOOD DEVELOPMENTS LIMITED Registered Number 03735714
Abbreviated Balance Sheet as at 31 March 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 3 |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 3 |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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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
And signed on their behalf by:
ABBOTSWOOD DEVELOPMENTS LIMITED Registered Number 03735714
Notes to the Abbreviated Accounts for the period ended 31 March 2016
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Land and buildings - Nil
Motor vehicles - 25% reducing balance
Investment properties are stated at valuation in accordance with SSAP 19 and have been revalued by the Director on an open market basis. Although the Director is not a qualified surveyor, he has used his experience of the property management sector and mortgage valuations to value the company's investment properties. This accounting policy is a departure from the Companies Act 2006, which requires all fixed assets to be depreciated. In the opinion of the Director, this departure is required for the accounts to give a true and fair view.
£ | |
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Cost | |
At 1 April 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2016 |
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Depreciation | |
At 1 April 2015 |
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Charge for the year |
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On disposals |
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At 31 March 2016 |
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Net book values | |
At 31 March 2016 | 2,923,284 |
At 31 March 2015 | 2,924,379 |
2016
£ |
2015
£ |
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Secured Debts |
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