Abbreviated Company Accounts - MINOTAUR INVESTMENTS LIMITED

08508781 MINOTAUR INVESTMENTS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 08508781 2015-04-01 2016-03-31 08508781 2016-03-31 08508781 2015-03-31 08508781 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 08508781 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 08508781

MINOTAUR INVESTMENTS LIMITED

Abbreviated Accounts

31 March 2016

MINOTAUR INVESTMENTS LIMITED Registered Number 08508781

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,831,129	2,831,509
		2,831,129	2,831,509
Current assets
Debtors		1,138,238	1,093,238
Cash at bank and in hand		16,925	121,305
		1,155,163	1,214,543
Creditors: amounts falling due within one year		(144,072)	(167,507)
Net current assets (liabilities)		1,011,091	1,047,036
Total assets less current liabilities		3,842,220	3,878,545
Creditors: amounts falling due after more than one year		(1,741,506)	(1,808,857)
Provisions for liabilities		(385,764)	(381,764)
Total net assets (liabilities)		1,714,950	1,687,924
Capital and reserves
Called up share capital	3	4	4
Revaluation reserve		1,493,054	1,493,054
Profit and loss account		221,892	194,866
Shareholders' funds		1,714,950	1,687,924

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 19 August 2016

And signed on their behalf by:
JAMES R WRIGHT, Director

MINOTAUR INVESTMENTS LIMITED Registered Number 08508781

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 April 2008.

Turnover policy
Turnover represents net invoiced sales of services excluding VAT.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Investment properties - not provided
Plant and machinery etc - 25% on reducing balance

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 April 2015	2,832,419
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	2,832,419
Depreciation
At 1 April 2015	910
Charge for the year	380
On disposals	-
At 31 March 2016	1,290
Net book values
At 31 March 2016	2,831,129
At 31 March 2015	2,831,509

Freehold property was valued at £2.83 million by Lambert, Smith and Hampton, Chartered Surveyors. On a historical cost basis these properties would have been included at an original cost of £963,682.

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
4 Ordinary shares of £1 each	4	4