Abbreviated Company Accounts - FOUNTAYNE ESTATES LTD

Abbreviated Company Accounts - FOUNTAYNE ESTATES LTD

FOUNTAYNE ESTATES LTD - Company Information

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Registered Number 07305107

FOUNTAYNE ESTATES LTD

Abbreviated Accounts

31 July 2016

FOUNTAYNE ESTATES LTD Registered Number 07305107

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 975,489 925,489
975,489 925,489
Current assets
Debtors 24,400 21,025
Cash at bank and in hand 23,257 15,854
47,657 36,879
Creditors: amounts falling due within one year (93,571) (90,593)
Net current assets (liabilities) (45,914) (53,714)
Total assets less current liabilities 929,575 871,775
Creditors: amounts falling due after more than one year (771,092) (782,127)
Total net assets (liabilities) 158,483 89,648
Capital and reserves
Called up share capital 1 1
Revaluation reserve 125,000 75,000
Profit and loss account 33,482 14,647
Shareholders' funds 158,483 89,648
  • 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 27 February 2017

And signed on their behalf by:
Mrs S R Klein, Director

FOUNTAYNE ESTATES LTD Registered Number 07305107

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, as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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 August 2015 925,489
Additions -
Disposals -
Revaluations 50,000
Transfers -
At 31 July 2016 975,489
Depreciation
At 1 August 2015 -
Charge for the year -
On disposals -
At 31 July 2016 -
Net book values
At 31 July 2016 975,489
At 31 July 2015 925,489