NOLANS PROPERTIES LTD

NOLANS PROPERTIES LTD

NOLAN'S PROPERTIES LIMITED - Company Information

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Company Registration No. 2813093 (England and Wales)
NOLANS PROPERTIES LTD Abbreviated unaudited accounts for the year ended 31 March 2016
NOLANS PROPERTIES LTD Abbreviated Balance Sheet as at 31 March 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
2
1,757,302 
1,757,310 
Current assets
Cash at bank and in hand
80,678 
228,831 
Creditors: amounts falling due within one year
(1,220,872)
(1,420,240)
Net current liabilities
(1,140,194)
(1,191,409)
Net assets
617,108 
565,901 
Capital and reserves
Called up share capital
3
100 
100 
Profit and loss account
617,008 
565,801 
Total shareholders' funds
617,108 
565,901 
For the year ending 31 March 2016 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 19 December 2016
DARREN NOLAN Director Company Registration No. 2813093
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NOLANS PROPERTIES LTD Notes to the Abbreviated Accounts for the year ended 31 March 2016
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18 per cent
2
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost
At 1 April 2015
1,757,264 
2,086 
1,759,350 
At 31 March 2016
1,757,264 
2,086 
1,759,350 
Depreciation
At 1 April 2015
- 
2,040 
2,040 
Charge for the year
- 
8 
8 
At 31 March 2016
- 
2,048 
2,048 
Net book value
At 31 March 2016
1,757,264 
38 
1,757,302 
At 31 March 2015
1,757,264 
46 
1,757,310 
3
Share capital
2016 
2015 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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