Abbreviated Company Accounts - 3 WARWICK AVENUE MANAGEMENT COMPANY LIMITED

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 derived from ordinary activities and is stated after trade discounts and applicable taxes.

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

Other accounting policies
Depreciation
As the fixed assets of the company are not expected to suffer any devaluation, depreciation has not been provided for.

Deffered tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deffered tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Going Concern
These financial statements have been prepared on the going concern basis. The Directors consider this basis to be appropriate but have not assessed a period in excess of twelve months from the date of approving the Accounts.