Accounts filed on 31-10-2016
Accounts filed on 31-10-2016
trueMendoza Estates Limited084007422016-10-311176437275111874373851110011001187437385193500099000010537431063851-873013782672916268179991764679268417207169621062473106247310624731062473Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Rent receivable
The rent income shown in the profit and loss account represents amounts receivable for the period, exclusive of Value Added Tax.
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from
the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or
its reversal, on an individual investment property is expected to be permanent, in which case it
is recognised in the profit and loss account for the year.
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime
importance. The departure from the provisions of the Act is required in order to give a true and fair view.Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
10624731062473The Director is of the opinion that the open market value of the investment property at the balance sheet date is the same as the carrying value. No revaluation adjustment is therefore required. 10624731062473
The Director is of the opinion that the open market value of the investment property at the balance sheet date is the same as the carrying value. No revaluation adjustment is therefore required.
Ordinary1100111001100Ordinary11100110011002017-03-21Mr H Shahtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureMendoza Estates Limited2015-11-012016-10-31Mendoza Estates Limited2014-11-012015-10-31Mendoza Estates Limited2014-10-31Mendoza Estates Limited2015-10-31Mendoza Estates Limited2015-10-31Mendoza Estates Limited2016-10-31 2017-03-24
