| Turnstone Property Management Limited |
| Registered number: |
00799602 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
3,600 |
|
|
5,400 |
| Tangible assets |
3 |
|
|
235,673 |
|
|
202,450 |
| Investments |
4 |
|
|
567,195 |
|
|
567,195 |
|
|
|
|
806,468 |
|
|
775,045 |
|
| Current assets |
| Stocks |
|
|
423,577 |
|
|
419,002 |
| Debtors |
|
|
562,965 |
|
|
369,390 |
| Cash at bank and in hand |
|
|
84,271 |
|
|
182,996 |
|
|
|
1,070,813 |
|
|
971,388 |
|
| Creditors: amounts falling due within one year |
|
|
(226,895) |
|
|
(87,396) |
|
| Net current assets |
|
|
|
843,918 |
|
|
883,992 |
|
| Total assets less current liabilities |
|
|
|
1,650,386 |
|
|
1,659,037 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(581,497) |
|
|
(538,145) |
|
|
|
| Net assets |
|
|
|
1,068,889 |
|
|
1,120,892 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
6 |
|
|
1,001 |
|
|
1,001 |
| Profit and loss account |
|
|
|
1,067,888 |
|
|
1,119,891 |
|
| Shareholder's funds |
|
|
|
1,068,889 |
|
|
1,120,892 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| J N Gorensweigh |
| Director |
| Approved by the board on 23 December 2016 |
|
| Turnstone Property Management Limited |
| 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 April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
0.5% fot he company's turnover (2013 - 0.5%) is attributable to geographical markets outside the United Kingdom. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Freehold property |
2% straight line |
|
Plant and machinery |
10% reducing balance |
|
Motor vehicles |
10% reducing balance |
|
|
Cash flow |
|
The financial statements do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financail Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Intangible fixed assets and amortisation |
|
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the profit and loss account over its estimated economic life. |
|
|
Investments |
|
Investments held as fixed assets are shown at cost less provision for impairment. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
18,000 |
|
At 31 March 2016 |
18,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2015 |
12,600 |
|
Provided during the year |
1,800 |
|
At 31 March 2016 |
14,400 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
3,600 |
|
At 31 March 2015 |
5,400 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
413,588 |
|
Additions |
45,360 |
|
At 31 March 2016 |
458,948 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
211,138 |
|
Charge for the year |
12,137 |
|
At 31 March 2016 |
223,275 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
235,673 |
|
At 31 March 2015 |
202,450 |
|
|
|
|
|
|
|
|
| 4 |
Investments |
£ |
|
|
Cost |
|
At 1 April 2015 |
567,195 |
|
|
At 31 March 2016 |
567,195 |
|
|
|
|
|
|
|
| 5 |
Loans |
2016 |
|
2015 |
| £ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
196,824 |
|
196,824 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,001 |
|
1,001 |
|
1,001 |
|
|
|
|
|
|
|
|
|
