Abbreviated Company Accounts - FINELEAF LTD

Registered Number 04008955

FINELEAF LTD

Abbreviated Accounts

30 June 2016

FINELEAF LTD Registered Number 04008955

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	700,035	550,047
		700,035	550,047
Current assets
Debtors		6,638	3,112
Cash at bank and in hand		12,029	4,353
		18,667	7,465
Creditors: amounts falling due within one year		(107,146)	(102,216)
Net current assets (liabilities)		(88,479)	(94,751)
Total assets less current liabilities		611,556	455,296
Creditors: amounts falling due after more than one year		(178,750)	(178,750)
Total net assets (liabilities)		432,806	276,546
Capital and reserves
Called up share capital		2	2
Revaluation reserve		388,884	238,884
Profit and loss account		43,920	37,660
Shareholders' funds		432,806	276,546

For the year ending 30 June 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 28 March 2017

And signed on their behalf by:
Mr A Fogel, Director

FINELEAF LTD Registered Number 04008955

Notes to the Abbreviated Accounts for the period ended 30 June 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).

Turnover policy
Turnover represents rents and similar charges exclusive of VAT.

Tangible assets depreciation policy
Depreciation is provided after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures and Fittings 25% reducing balance

Other accounting policies
In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) 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 July 2015	552,000
Additions	-
Disposals	-
Revaluations	150,000
Transfers	-
At 30 June 2016	702,000
Depreciation
At 1 July 2015	1,953
Charge for the year	12
On disposals	-
At 30 June 2016	1,965
Net book values
At 30 June 2016	700,035
At 30 June 2015	550,047