Abbreviated Company Accounts - MARGERY PROPERTIES LIMITED

MARGERY PROPERTIES LIMITED - Company Information

00483501 MARGERY PROPERTIES LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 00483501 2015-04-01 2016-03-31 00483501 2016-03-31 00483501 2015-03-31 00483501 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 00483501 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 00483501

MARGERY PROPERTIES LIMITED

Abbreviated Accounts

31 March 2016

MARGERY PROPERTIES LIMITED Registered Number 00483501

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	750,000	750,000
		750,000	750,000
Current assets
Debtors		374,620	62,431
Cash at bank and in hand		433,367	689,085
		807,987	751,516
Creditors: amounts falling due within one year		(311,890)	(286,080)
Net current assets (liabilities)		496,097	465,436
Total assets less current liabilities		1,246,097	1,215,436
Creditors: amounts falling due after more than one year		(5,000)	(5,000)
Total net assets (liabilities)		1,241,097	1,210,436
Capital and reserves
Called up share capital	3	263	263
Revaluation reserve		744,117	744,117
Other reserves		487	487
Profit and loss account		496,230	465,569
Shareholders' funds		1,241,097	1,210,436

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 23 December 2016

And signed on their behalf by:
C D Field, Director

MARGERY PROPERTIES LIMITED Registered Number 00483501

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 January 2015.

Turnover policy
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.

Tangible assets depreciation policy
No charge is made in respect of investment property. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% straight line
Motor vehicles 25% straight line

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 April 2015	750,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	750,000
Depreciation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	750,000
At 31 March 2015	750,000

The freehold investment property had an original cost of £5,883.

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,052 Ordinary shares of £0.25 each	263	263