Abbreviated Company Accounts - NOSMO VENTURES LIMITED

NOSMO VENTURES LIMITED - Company Information

08398833 NOSMO VENTURES LIMITED 2014-03-31 false 2013-02-12 2014-03-31 true 08398833 2013-02-12 2014-03-31 08398833 2014-03-31 08398833 uk-gaap-cd-bus:Director1 2013-02-12 2014-03-31 08398833 uk-gaap-cd-bus:Director2 2013-02-12 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-12 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 08398833

NOSMO VENTURES LIMITED

Abbreviated Accounts

31 March 2014

NOSMO VENTURES LIMITED Registered Number 08398833

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014
		£
Fixed assets
Tangible assets	2	600,007
		600,007
Current assets
Debtors		354
Cash at bank and in hand		18,202
		18,556
Creditors: amounts falling due within one year		(646,207)
Net current assets (liabilities)		(627,651)
Total assets less current liabilities		(27,644)
Total net assets (liabilities)		(27,644)
Capital and reserves
Called up share capital	3	100
Profit and loss account		(27,744)
Shareholders' funds		(27,644)

For the year ending 31 March 2014 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 6 November 2014

And signed on their behalf by:
JR Saffell, Director
EA Hall, Director

NOSMO VENTURES LIMITED Registered Number 08398833

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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
The turnover shown in the profit and loss account represents amounts invoiced during the period.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 15% reducing balance
Office Equipment - 20% reducing balance

Other accounting policies
Investment Properties

No depreciation is provided on the investment properties. In the opinion of the directors these properties are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. The provisions of FRSSE (effective April 2008) in respect of investment properties have therefore been adopted in order to give a true and fair view.

2Tangible fixed assets

	£
Cost
Additions	601,866
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	601,866
Depreciation
Charge for the year	1,859
On disposals	-
At 31 March 2014	1,859
Net book values
At 31 March 2014	600,007

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

	2014 £
100 Ordinary shares of £1 each	100