DOWNTOWN_PROPERTY_&_LETTI - Accounts
DOWNTOWN_PROPERTY_&_LETTI - Accounts
Company Registration No. 06892956 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 MAY 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(38,998 )
(38,262 )
Net current assets
Total assets less current liabilities
Provisions for liabilities
(303 )
(404 )
11,007
35,922
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Director's responsibilities:
-
-
Approved by the Board for issue on 27 February 2017
Director
Company Registration No. 06892956
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
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
1.4
Tangible fixed assets and depreciation
Motor vehicles
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2015 & at 31 May 2016
8,760
Depreciation
At 1 June 2015
6,740
Charge for the year
505
At 31 May 2016
7,245
Net book value
At 31 May 2016
1,515
At 31 May 2015
2,020
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
4
Related party relationships and transactions
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
4
Related party relationships and transactions
(Continued)
- 3 -
Loans from directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr O E D McVeigh - Loan to company
-
910
17,944
-
-
18,854
910
17,944
-
-
18,854