Verdesco Properties Limited - Limited company - abbreviated - 11.0.0
Verdesco Properties Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Accounts |
| for the Year Ended 31 March 2014 |
| for |
| Verdesco Properties Limited |
| Verdesco Properties Limited (Registered number: 06451574) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 March 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Verdesco Properties Limited |
| Company Information |
| for the Year Ended 31 March 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Verdesco Properties Limited (Registered number: 06451574) |
| Abbreviated Balance Sheet |
| 31 March 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| 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. |
| Verdesco Properties Limited (Registered number: 06451574) |
| Abbreviated Balance Sheet - continued |
| 31 March 2014 |
| The financial statements were approved by the Board of Directors on behalf by: |
| Verdesco Properties Limited (Registered number: 06451574) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 March 2014 |
| 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 April 2008). |
| Turnover |
| Turnover is the value of rents receivable. |
| Investment property |
| Investment property is not depreciated but is revalued annually at its market value in accordance with |
| the Financial Reporting Standard for Smaller Entities (effective April 2008) which is contrary to the |
| requirement of the Companies Act 2006 for all fixed assets to be depreciated. This is necessary for the |
| financial statements to show a true and fair view. Any aggregate surplus or deficit arising from changes |
| in market value is transferred to a revaluation reserve. The effect of this departure is given in the |
| investment property notes. |
| Deferred tax |
| Deferred tax is recognised in respect of all material timing differences. |
| No provision is made for potential tax arising on assets which have been revalued where this liability is |
| not expected to arise in the foreseeable future. |
| Investments |
| Unlisted investments are stated at cost less any permanent diminution in value. |
| 2. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 April 2013 |
| and 31 March 2014 | 8,740 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| The company's investments at the balance sheet date in the share capital of companies include the |
| following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 822,729 | 819,968 |
| Profit for the year | 3,451 | 2,164 |
| Verdesco Properties Limited (Registered number: 06451574) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2014 |
| 2. | FIXED ASSET INVESTMENTS - continued |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 10,000 | 10,000 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 85 | 85 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 April 2013 |
| Additions |
| Revaluation adjustment | ( |
) |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2014 | 2013 |
| £ | £ |
| Repayable by instalments | 431,784 | 535,573 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |