Abbreviated Company Accounts - INVESTMENT PROPERTY GROUP (IPG) LTD

Abbreviated Company Accounts - INVESTMENT PROPERTY GROUP (IPG) LTD


Registered Number 07371535

INVESTMENT PROPERTY GROUP (IPG) LTD

Abbreviated Accounts

30 September 2016

INVESTMENT PROPERTY GROUP (IPG) LTD Registered Number 07371535

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 - 332
- 332
Current assets
Cash at bank and in hand - 21,393
- 21,393
Creditors: amounts falling due within one year (31,388) (44,478)
Net current assets (liabilities) (31,388) (23,085)
Total assets less current liabilities (31,388) (22,753)
Total net assets (liabilities) (31,388) (22,753)
Capital and reserves
Called up share capital 3 250 250
Profit and loss account (31,638) (23,003)
Shareholders' funds (31,388) (22,753)
  • 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 30 June 2017

And signed on their behalf by:
D Rae, Director

INVESTMENT PROPERTY GROUP (IPG) LTD Registered Number 07371535

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year
and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% straight line

Other accounting policies
Other accounting policies
Research expenditure is written off to the profit and loss account in the year in which it is incurred.
Development expenditure is written off in the same year unless the directors are satisfied as to the
technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.

2Tangible fixed assets
£
Cost
At 1 October 2015 5,112
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2016 5,112
Depreciation
At 1 October 2015 4,780
Charge for the year 332
On disposals -
At 30 September 2016 5,112
Net book values
At 30 September 2016 0
At 30 September 2015 332
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
250 Ordinary shares of £1 each 250 250