Abbreviated Company Accounts - STOCKCLAN LIMITED

01252325 STOCKCLAN LIMITED 2016-07-31 false 2015-07-25 2016-07-31 true 01252325 2015-07-25 2016-07-31 01252325 2016-07-31 01252325 2015-07-24 01252325 uk-gaap-cd-bus:Director1 2015-07-25 2016-07-31 01252325 uk-gaap-cd-bus:Director2 2015-07-25 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-25 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-24 iso4217:GBP shares

Registered Number 01252325

STOCKCLAN LIMITED

Abbreviated Accounts

31 July 2016

STOCKCLAN LIMITED Registered Number 01252325

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	200,002	200,002
		200,002	200,002
Current assets
Debtors		-	269
Cash at bank and in hand		28,128	22,770
		28,128	23,039
Creditors: amounts falling due within one year		(14,706)	(14,345)
Net current assets (liabilities)		13,422	8,694
Total assets less current liabilities		213,424	208,696
Total net assets (liabilities)		213,424	208,696
Capital and reserves
Called up share capital	3	100	100
Revaluation reserve		147,025	147,025
Other reserves		37,932	37,932
Profit and loss account		28,367	23,639
Shareholders' funds		213,424	208,696

For the year ending 31 July 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 13 February 2017

And signed on their behalf by:
Mr H A King, Director

STOCKCLAN LIMITED Registered Number 01252325

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

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

Turnover policy
Turnover represents the gross value of rental income, net of value added tax and discounts,
receivable during the year.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.

Fixtures & fittings 25% on reducing balance
Equipment 15% on reducing balance

Other accounting policies
Investment properties
In accordance with the Financial Reporting for Smaller Entities (effective January 2015) no
depreciation is provided in respect of long lease properties held as an investment. This is a
departure from the requirements of the Companies Act 2006 which requires all properties to be
depreciated. These properties are held for investment and not for consumption and the director
consider that to depreciate it would not give a true and fair view. Depreciation is only one of the
many elements reflected in the annual valuation of properties and accordingly the amount of
depreciation which might otherwise have been charged cannot be separately identified and
quantified. The directors consider that this policy results in the accounts giving a true and fair view.

Deferred taxation
No provision is made for the contingent liability for taxation which would become payable in the
event of the disposal of long leasehold properties since such properties are held for long term
retention. The potential amount of taxation, which would be so payable if such propertes were to
be realised at the amount at which it is included in the accounts is disclosed in note 6.

2Tangible fixed assets

	£
Cost
At 25 July 2015	205,032
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	205,032
Depreciation
At 25 July 2015	5,030
Charge for the year	-
On disposals	-
At 31 July 2016	5,030
Net book values
At 31 July 2016	200,002
At 24 July 2015	200,002

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100