Abbreviated Company Accounts - ONTRAK PROPERTY LIMITED

Abbreviated Company Accounts - ONTRAK PROPERTY LIMITED

SOUTH EAST TEN TRADING LIMITED - Company Information

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Registered Number 07181732

ONTRAK PROPERTY LIMITED

Abbreviated Accounts

31 March 2016

ONTRAK PROPERTY LIMITED Registered Number 07181732

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 260,655 255,000
260,655 255,000
Current assets
Cash at bank and in hand 1,268 3,728
1,268 3,728
Creditors: amounts falling due within one year (42,907) (35,152)
Net current assets (liabilities) (41,639) (31,424)
Total assets less current liabilities 219,016 223,576
Creditors: amounts falling due after more than one year (208,093) (222,393)
Total net assets (liabilities) 10,923 1,183
Capital and reserves
Called up share capital 1 1
Profit and loss account 10,922 1,182
Shareholders' funds 10,923 1,183
  • 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 accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 August 2016

And signed on their behalf by:
A Spence, Director

ONTRAK PROPERTY LIMITED Registered Number 07181732

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Plant & Machinery - 20% Reducing Balance

2Tangible fixed assets
£
Cost
At 1 April 2015 275,000
Additions 10,655
Disposals -
Revaluations -
Transfers -
At 31 March 2016 285,655
Depreciation
At 1 April 2015 20,000
Charge for the year 5,000
On disposals -
At 31 March 2016 25,000
Net book values
At 31 March 2016 260,655
At 31 March 2015 255,000