DALSTON_PROPCO_LTD - Accounts

DALSTON PROPCO LIMITED - Company Information

Print Friendly Version

Company Registration No. 08972973 (England and Wales)

DALSTON PROPCO LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

DALSTON PROPCO LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

DALSTON PROPCO LTD

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Current assets

Stocks

3,017,319

1,881,059

Debtors

7,600

100

Cash at bank and in hand

13,634

3,038,553

1,881,159

Creditors: amounts falling due within one year

(3,041,040)

(1,882,415)

Total assets less current liabilities

(2,487)

(1,256)

Capital and reserves

Called up share capital

100

Profit and loss account

(2,587)

(1,356)

Shareholders' funds

(2,487)

(1,256)

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 9 December 2016

Mr Garry Simpson

Director

Company Registration No. 08972973

DALSTON PROPCO LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

In the year under review the company's balance sheet was insolvent by £2,487.

Given the above, there is a material uncertainty which may cast significant doubt as to the company's ability to continue as a going concern and it may be unable to discharge its liabilities in the normal course of business.

However, having regard to the support of the associated company Turnhold Properties Limited, the directors continue to adopt the going concern basis in preparing these accounts and accordingly the financial statements do not contain any adjustments that would result if the support was to be withdrawn.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for the sale of properties. Sales are recognised on unconditional exchange of contract.

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £1,023,015 (2015 - £1,328,570).

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100