Abbreviated Company Accounts - QUINTET PROJECTS LIMITED

QUINTET PROJECTS LIMITED - Company Information

Registered Number 02284869

QUINTET PROJECTS LIMITED

Abbreviated Accounts

30 September 2016

QUINTET PROJECTS LIMITED Registered Number 02284869

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	763,778	763,839
Investments	3	1,221	1,221
		764,999	765,060
Current assets
Debtors		10,809	12,151
Cash at bank and in hand		225,787	228,461
		236,596	240,612
Creditors: amounts falling due within one year		(397,356)	(397,870)
Net current assets (liabilities)		(160,760)	(157,258)
Total assets less current liabilities		604,239	607,802
Total net assets (liabilities)		604,239	607,802
Capital and reserves
Called up share capital		100	100
Profit and loss account		604,139	607,702
Shareholders' funds		604,239	607,802

For the year ending 30 September 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 19 May 2017

And signed on their behalf by:
H D Kilpatrick, Director

QUINTET PROJECTS LIMITED Registered Number 02284869

Notes to the Abbreviated Accounts for the period ended 30 September 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 January 2015

Turnover policy
Turnover represents rents receivable

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rated calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Land and buildings freehold Not depreciated
Fixtures and fittings 15% on cost
Motor vehicles 20% on cost

2Tangible fixed assets

	£
Cost
At 1 October 2015	767,326
Additions	-
Disposals	(3,300)
Revaluations	-
Transfers	-
At 30 September 2016	764,026
Depreciation
At 1 October 2015	3,487
Charge for the year	61
On disposals	(3,300)
At 30 September 2016	248
Net book values
At 30 September 2016	763,778
At 30 September 2015	763,839

3Fixed assets Investments
Fixed assets investments are stated at cost less provision for diminution in value