Accounts filed on 31-03-2016

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			Company registration number:04708287
		IVES VENTURES LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 March 2016

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IVES VENTURES LIMITED
BALANCE SHEET
AS AT 31 March 2016
			2016				2015
		Notes	£		£		£		£
FIXED ASSETS
Tangible assets		2			192,224				393,518
					192,224				393,518
CURRENT ASSETS
Debtors			2,914				2,890
Cash at bank and in hand			21,284				458
			24,198				3,348
CREDITORS
Amounts falling due within one year			(274,021)				(147,834)
NET CURRENT ASSETS					(249,823)				(144,486)
TOTAL ASSETS LESS
CURRENT LIABILITIES					(57,599)				249,032
Creditors falling due after one year					(0)				(313,943)
NET ASSETS					(57,599)				(64,911)
CAPITAL AND RESERVES
Called-up equity share capital		4			100				100
Profit and loss account					(57,699)				(65,011)
SHAREHOLDERS FUNDS					(57,599)				(64,911)
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 the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
..........................................................................
Ms J A Lodge
28 December 2016
The annexed notes form part of these financial statements.

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IVES VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents charges to external customers exclusive of Value Added Tax and trade discounts. Income is recognised in the period to which the rent or service relates.

Investments

Investment properties are included in the balance sheet at their open value, and are not depreciated. Although this accounting policy is in accordance with SSAP 19 'Accounting for Investment Properties', it is a departure from the general requirements of the Companies Act 2006 for all fixed assets with a finite life to be depreciated. In the opinion of the directors compliance with the accounting standard is necessary for the financial statements to give a true and fair view because the properties are held for investment rather than consumption and therefore systematic annual depreciation would not be appropriate. Surpluses and temporary deficits arising on valuations are taken to the revaluation reserve, whilst permanent diminutions in value are taken to the profit and loss account.

Fixed assets

A full year's depreciation is charged in the year of acquisition of an asset but none in the year of disposal. Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:-

Fixtures and fittings 25% per annum straight line

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based upon rates enacted at the balance sheet date.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			421,404
	Disposals			(229,180)
	At end of period			192,224
	Depreciation
	At start of period			27,886
	On disposals			(27,886)
	At end of period			0
	Net Book Value
	At start of period			393,518
	At end of period			192,224

3.

Creditors

Of the creditors due within one year £ nil (2015 £15,333) is secured

Of the creditors due after more than one year £ nil (2015 £145,667) is secured.

4.	Share capital				Allotted, issued and fully paid
					2016	2015
					£	£
	'A' Ordinary shares of £1 each				100	100
	Total issued share capital				100	100
5.	Ultimate controlling party
	In the opinion of the directors, A J Borton is the ultimate controlling party of the parent company, Ives Estates Limited.
6.	Ultimate holding company
	The ultimate holding company is Ives Estates Limited, a company registered in England and Wales.