Abbreviated Company Accounts - MYN PROPERTIES LTD

MYN PROPERTIES LTD - Company Information

Registered Number 03014281

MYN PROPERTIES LTD

Abbreviated Accounts

31 March 2016

MYN PROPERTIES LTD Registered Number 03014281

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,651,167	1,651,564
		1,651,167	1,651,564
Current assets
Debtors		157,791	152,298
Cash at bank and in hand		28,013	23,568
		185,804	175,866
Creditors: amounts falling due within one year		(41,061)	(24,527)
Net current assets (liabilities)		144,743	151,339
Total assets less current liabilities		1,795,910	1,802,903
Creditors: amounts falling due after more than one year		(876,474)	(888,064)
Total net assets (liabilities)		919,436	914,839
Capital and reserves
Called up share capital		1,000	1,000
Revaluation reserve		835,482	835,482
Profit and loss account		82,954	78,357
Shareholders' funds		919,436	914,839

For the year ending 31 March 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 9 March 2017

And signed on their behalf by:
M NOWMAN, Director

MYN PROPERTIES LTD Registered Number 03014281

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities. ( from Jan 2015)

Turnover policy
Turnover represents rent received during the period from properties.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant & Machinery 20% Net book value
Land & Building NIL

2Tangible fixed assets

	£
Cost
At 1 April 2015	1,659,944
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	1,659,944
Depreciation
At 1 April 2015	8,380
Charge for the year	397
On disposals	-
At 31 March 2016	8,777
Net book values
At 31 March 2016	1,651,167
At 31 March 2015	1,651,564