CENTREGROUND_LIMITED - Accounts

CENTREGROUND LIMITED - Company Information

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Company Registration No. 01679610 (England and Wales)

CENTREGROUND LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

CENTREGROUND LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CENTREGROUND LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

250,001

250,197

Current assets

Debtors

2,390

2,393

Cash at bank and in hand

18,272

22,607

20,662

25,000

Creditors: amounts falling due within one year

(1,272)

(3,133)

Net current assets

19,390

21,867

Total assets less current liabilities

269,391

272,064

269,391

272,064

Capital and reserves

Called up share capital

Revaluation reserve

117,881

Profit and loss account

151,490

154,163

Shareholders' funds

269,391

272,064

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 December 2016

V Basil

Director

Company Registration No. 01679610

CENTREGROUND LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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

Turnover

Turnover represents rents receivable.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% per annum

The director has not provided for depreciation on the revalued investment properties. Although this conflicts with the requirements of hte Companies Act 2006, he believes it is necessary in order to show a true and fair view. No quantification of the depreciation not charged is available because the director is unable to calculate a meaningful useful life of the investment property.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes, except in the case of unrealised property revaluation surplus. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost or valuation

At 1 April 2015 & at 31 March 2016

262,281

Depreciation

At 1 April 2015

12,084

Charge for the year

196

At 31 March 2016

12,280

Net book value

At 31 March 2016

250,001

At 31 March 2015

250,197

CENTREGROUND LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

20 ordinary shares of £1 each