Abbreviated Company Accounts - MAHON ESTATES, LIMITED
Abbreviated Company Accounts - MAHON ESTATES, LIMITED
Registered Number NI002294
MAHON ESTATES, LIMITED
Abbreviated Accounts
31 December 2015
MAHON ESTATES, LIMITED Registered Number NI002294
Abbreviated Balance Sheet as at 31 December 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
For the year ending 31 December 2015 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
And signed on their behalf by:
MAHON ESTATES, LIMITED Registered Number NI002294
Notes to the Abbreviated Accounts for the period ended 31 December 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Tangible assets depreciation policy
Other accounting policies
The joint venture losses attributable in 2014 was based on draft joint venture financial statements. These finalised joint venture accounts reported actual losses which were £120,034 greater. This is a material figure and therefore the comparative figures have been restated.
Going Concern
The company has suffered a loss for the year ended 31 December 2015 of £224,833 and has net liabilities at 31 December 2015 of £9,403,730. This impact directly on the directors' considerations on whether the company can continue to trade as a going concern.
The director is considering future options for the company.
£ | |
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Cost | |
At 1 January 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2015 |
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Depreciation | |
At 1 January 2015 |
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Charge for the year |
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On disposals |
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At 31 December 2015 |
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Net book values | |
At 31 December 2015 | 386 |
At 31 December 2014 | 771 |
3Fixed assets Investments