Accounts filed on 30-09-2016
Accounts filed on 30-09-2016
trueHeyford Properties Limited007256112016-09-307992517989222554519255419070070017264921726492280762807625545192554190247374149874280189327040646801985862291151799628879537768251766755929807286225895372121695211783521216952117835Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents rents receivable.
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from
the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or
its reversal, on an individual investment property is expected to be permanent, in which case it
is recognised in the profit and loss account for the year.
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.Fixed Assets
All fixed assets are initially recorded at cost.
Fixtures & Fittingsreducing balance0.1000Motor Vehiclesreducing balance0.1500Equipmentreducing balance0.15002142599213709955002090419264164021425992137099550020904192641640Ordinary7001700700Ordinary17007007002017-06-29A Reifertruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureHeyford Properties Limited2015-10-012016-09-30Heyford Properties Limited2014-10-012015-09-30Heyford Properties Limited2014-09-30Heyford Properties Limited2015-09-30Heyford Properties Limited2015-09-30Heyford Properties Limited2016-09-30 2017-06-29
