STRATEGIC_LAND_(STATION_R - Accounts
STRATEGIC_LAND_(STATION_R - Accounts
Company Registration No. 07227524 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Stocks
Creditors: amounts falling due within one year
(38,158 )
(38,158 )
Total assets less current liabilities
(1,607 )
(1,607 )
Capital and reserves
Called up share capital
2
Profit and loss account
(1,608 )
(1,608 )
Shareholders' funds
(1,607 )
(1,607 )
Directors' responsibilities:
-
-
Approved by the Board for issue on 12 December 2016
Director
Company Registration No. 07227524
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Stock and work in progress
Work in progress consists of a land option and the related professional and planning costs, these are valued at the lower of cost and net realisable value.
1.4
Revenue recognition
Revenue will be recognised upon the unconditional sale of land options.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid