Accounts filed on 30-04-2016
Accounts filed on 30-04-2016
trueOwens Properties Limited057983672016-04-30251868230901251968231001100100251968231001241790241790493758472791773885642138091368261154799324731917480938356245154416370416370416370416370Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
Investment properties
Freehold properties are included in the balance sheet at market value.Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
416370416370416370416370Ordinary11001001002016-12-01J F Owenstruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureOwens Properties Limited2015-05-012016-04-30Owens Properties Limited2014-05-012015-04-30Owens Properties Limited2014-04-30Owens Properties Limited2015-04-30Owens Properties Limited2015-04-30Owens Properties Limited2016-04-30 2016-12-19
