Abbreviated Company Accounts - MAPLESTAR PROPERTIES LIMITED

MAPLESTAR PROPERTIES LIMITED - Company Information

04371930 MAPLESTAR PROPERTIES LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04371930 2015-04-01 2016-03-31 04371930 2016-03-31 04371930 2015-03-31 04371930 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04371930 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04371930

MAPLESTAR PROPERTIES LIMITED

Abbreviated Accounts

31 March 2016

MAPLESTAR PROPERTIES LIMITED Registered Number 04371930

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	7,648	788
		7,648	788
Current assets
Stocks		175,922	175,922
Debtors		134	152
Cash at bank and in hand		143	16
		176,199	176,090
Creditors: amounts falling due within one year		(232,021)	(218,118)
Net current assets (liabilities)		(55,822)	(42,028)
Total assets less current liabilities		(48,174)	(41,240)
Total net assets (liabilities)		(48,174)	(41,240)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(48,176)	(41,242)
Shareholders' funds		(48,174)	(41,240)

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 31 March 2017

And signed on their behalf by:
P Underhill, Director

MAPLESTAR PROPERTIES LIMITED Registered Number 04371930

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

1Accounting Policies

Basis of measurement and preparation of accounts
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).

Turnover policy
Turnover represents amounts receivable for property sales, adjusted for the value of work in progress.

Tangible assets depreciation policy
Depreciation is calculated to write down the cost of tangible fixed assets by a percentage of net book value over their expected useful economic lives using the following rates:

Tools and equipment 20% reducing balance
Computer equipment 50% reducing balance

Other accounting policies
Stock and work in progress
Stock is valued at the lower of cost and net realisable value. Cost is determined on an actual basis. Net realisable value represents estimated selling price less costs required to sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes on a full provision basis.

Cash flow statement
The company is exempt from the requirement to produce a cash flow statement as it qualifies as a small company under the Companies Act 2006.

2Tangible fixed assets

	£
Cost
At 1 April 2015	6,097
Additions	7,200
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	13,297
Depreciation
At 1 April 2015	5,309
Charge for the year	340
On disposals	-
At 31 March 2016	5,649
Net book values
At 31 March 2016	7,648
At 31 March 2015	788

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
200 Ordinary shares of £0.01 each	2	2