Abbreviated Company Accounts - MARKET PLACE NEWBURY LTD

Abbreviated Company Accounts - MARKET PLACE NEWBURY LTD

MARKET PLACE NEWBURY LTD - Company Information

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Registered Number 08022522

MARKET PLACE NEWBURY LTD

Abbreviated Accounts

30 April 2016

MARKET PLACE NEWBURY LTD Registered Number 08022522

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 843,307 1,161,828
843,307 1,161,828
Current assets
Debtors 1,787 11,630
Cash at bank and in hand 67,726 53,119
69,513 64,749
Creditors: amounts falling due within one year (801,113) (1,015,104)
Net current assets (liabilities) (731,600) (950,355)
Total assets less current liabilities 111,707 211,473
Total net assets (liabilities) 111,707 211,473
Capital and reserves
Called up share capital 1 1
Revaluation reserve - 150,000
Profit and loss account 111,706 61,472
Shareholders' funds 111,707 211,473
  • For the year ending 30 April 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 10 January 2017

And signed on their behalf by:
Mr J Dreyfuss, Director

MARKET PLACE NEWBURY LTD Registered Number 08022522

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents rents and similar charges exclusive of VAT.

Other accounting policies
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no provision is made for depreciation in respect of freehold properties or leasehold properties with more than 20 years remaining as investments. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view.

2Tangible fixed assets
£
Cost
At 1 May 2015 1,161,828
Additions 31,479
Disposals (350,000)
Revaluations -
Transfers -
At 30 April 2016 843,307
Depreciation
At 1 May 2015 -
Charge for the year -
On disposals -
At 30 April 2016 -
Net book values
At 30 April 2016 843,307
At 30 April 2015 1,161,828