Abbreviated Company Accounts - NML PROPERTIES (CAMBOURNE) LTD

Abbreviated Company Accounts - NML PROPERTIES (CAMBOURNE) LTD

NML PROPERTIES (CAMBOURNE) LTD - Company Information

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Registered Number 07992955

NML PROPERTIES (CAMBOURNE) LTD

Abbreviated Accounts

31 March 2016

NML PROPERTIES (CAMBOURNE) LTD Registered Number 07992955

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 508,000 472,000
508,000 472,000
Current assets
Debtors 506 506
Cash at bank and in hand 10,057 14,152
10,563 14,658
Creditors: amounts falling due within one year (429,260) (443,022)
Net current assets (liabilities) (418,697) (428,364)
Total assets less current liabilities 89,303 43,636
Total net assets (liabilities) 89,303 43,636
Capital and reserves
Called up share capital 1 1
Revaluation reserve 48,000 12,000
Profit and loss account 41,302 31,635
Shareholders' funds 89,303 43,636
  • 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 21 November 2016

And signed on their behalf by:
Dr N Leaver, Director

NML PROPERTIES (CAMBOURNE) LTD Registered Number 07992955

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 with the exception of the properties which are shown at open market value. The value is based on the director's opinion at the balance sheet date. The accounts have been prepared in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents rent receivable from the letting of the company's properties.

Tangible assets depreciation policy
Tangible fixed assets comprise investment properties stated at open market value. Depreciation is not provided for as the properties are revalued to ensure they are stated annually at current market value.

2Tangible fixed assets
£
Cost
At 1 April 2015 472,000
Additions -
Disposals -
Revaluations 36,000
Transfers -
At 31 March 2016 508,000
Depreciation
At 1 April 2015 -
Charge for the year -
On disposals -
At 31 March 2016 -
Net book values
At 31 March 2016 508,000
At 31 March 2015 472,000