Abbreviated Company Accounts - FARIMA PROPERTIES LTD

Abbreviated Company Accounts - FARIMA PROPERTIES LTD

FARIMA PROPERTIES LTD - Company Information

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Registered Number 05217352

FARIMA PROPERTIES LTD

Abbreviated Accounts

31 August 2016

FARIMA PROPERTIES LTD Registered Number 05217352

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 3,826 674
3,826 674
Current assets
Stocks 2,058,476 1,904,500
Debtors 1,107 311
Cash at bank and in hand 149,254 124,954
2,208,837 2,029,765
Creditors: amounts falling due within one year (2,210,054) (2,030,302)
Net current assets (liabilities) (1,217) (537)
Total assets less current liabilities 2,609 137
Total net assets (liabilities) 2,609 137
Capital and reserves
Called up share capital 1 1
Profit and loss account 2,608 136
Shareholders' funds 2,609 137
  • For the year ending 31 August 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 23 May 2017

And signed on their behalf by:
Mr M. Heapy, Director

FARIMA PROPERTIES LTD Registered Number 05217352

Notes to the Abbreviated Accounts for the period ended 31 August 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 effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance

2Tangible fixed assets
£
Cost
At 1 September 2015 842
Additions 3,799
Disposals -
Revaluations -
Transfers -
At 31 August 2016 4,641
Depreciation
At 1 September 2015 168
Charge for the year 647
On disposals -
At 31 August 2016 815
Net book values
At 31 August 2016 3,826
At 31 August 2015 674