Abbreviated Company Accounts - AZINE PROPERTIES LIMITED
Abbreviated Company Accounts - AZINE PROPERTIES LIMITED
Registered Number 08643461
AZINE PROPERTIES LIMITED
Abbreviated Accounts
31 August 2016
AZINE PROPERTIES LIMITED Registered Number 08643461
Abbreviated Balance Sheet as at 31 August 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
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( |
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Total net assets (liabilities) |
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( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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( |
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Shareholders' funds |
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( |
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
And signed on their behalf by:
AZINE PROPERTIES LIMITED Registered Number 08643461
Notes to the Abbreviated Accounts for the period ended 31 August 2016
1Accounting Policies
Basis of measurement and preparation of accounts
1.1 Accounting convention
The financial statements are prepared under the historical cost convention.
1.2 Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except as otherwise stated).
Turnover policy
Tangible assets depreciation policy
Fixtures, fittings & equipment 20% on written down value
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the applicable accounting standard, SSAP 19, Accounting for investment properties, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
£ | |
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Cost | |
At 1 September 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 August 2016 |
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Depreciation | |
At 1 September 2015 |
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Charge for the year |
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On disposals |
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At 31 August 2016 |
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Net book values | |
At 31 August 2016 | 207,531 |
At 31 August 2015 | 208,262 |