DGC Property Limited - Abbreviated accounts 16.3
DGC Property Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Accounts For The Year Ended 30 April 2016 |
| for |
| DGC Property Limited |
| DGC Property Limited (Registered number: SC259235) |
| Contents of the Abbreviated Accounts |
| For The Year Ended 30 April 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| DGC Property Limited |
| Company Information |
| For The Year Ended 30 April 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| DGC Property Limited (Registered number: SC259235) |
| Abbreviated Balance Sheet |
| 30 April 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors on |
| DGC Property Limited (Registered number: SC259235) |
| Notes to the Abbreviated Accounts |
| For The Year Ended 30 April 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
| 2015). |
| Turnover |
| Turnover represents net proceeds from property rentals, excluding valued added tax. Turnover is measured on |
| the accruals basis. |
| Tangible fixed assets |
| The properties owned by the company are investment properties. No depreciation has been provided on the |
| properties in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
| life. |
| Furniture, fixtures & fittings - 15% on reducing balance |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date where transactions or events that result in an obligation to pay more tax in the future, or a right to pay |
| less tax in the future, have occurred at the balance sheet date. Timing differences are differences between the |
| Company's taxable profits and its results as stated in the financial statements that arise from the inclusion of |
| gains or losses in tax assessments in periods different from those in which they are recognised in the financial |
| statements. Deferred tax assets are recognised to the extent they are recoverable and where future taxable profits |
| are anticipated. |
| Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing |
| differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted |
| by the balance sheet date. Deferred tax is measured on a non-discounted basis. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST OR VALUATION |
| At 1 May 2015 |
| and 30 April 2016 |
| DEPRECIATION |
| At 1 May 2015 |
| Charge for year |
| At 30 April 2016 |
| NET BOOK VALUE |
| At 30 April 2016 |
| At 30 April 2015 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| DGC Property Limited (Registered number: SC259235) |
| Notes to the Abbreviated Accounts - continued |
| For The Year Ended 30 April 2016 |
| 3. | CREDITORS - continued |
| They also include the following debts falling due in more than five years: |
| 2016 | 2015 |
| £ | £ |
| Repayable by instalments | 110,813 | 137,084 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |