Abbreviated Company Accounts - OPENEDGE RESIDENTIAL LIMITED

OPENEDGE RESIDENTIAL LIMITED - Company Information

07967110 OPENEDGE RESIDENTIAL LIMITED 2014-02-28 false 2013-03-01 2014-02-28 true 07967110 2013-03-01 2014-02-28 07967110 2014-02-28 07967110 2013-02-28 07967110 uk-gaap-cd-bus:Director1 2013-03-01 2014-02-28 07967110 uk-gaap-cd-bus:Director2 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-28 iso4217:GBP shares

Registered Number 07967110

OPENEDGE RESIDENTIAL LIMITED

Abbreviated Accounts

28 February 2014

OPENEDGE RESIDENTIAL LIMITED Registered Number 07967110

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,000,000	1,000,000
		1,000,000	1,000,000
Current assets
Cash at bank and in hand		174	-
		174	-
Creditors: amounts falling due within one year		(351,291)	(373,948)
Net current assets (liabilities)		(351,117)	(373,948)
Total assets less current liabilities		648,883	626,052
Creditors: amounts falling due after more than one year		(642,636)	(650,437)
Total net assets (liabilities)		6,247	(24,385)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		6,147	(24,485)
Shareholders' funds		6,247	(24,385)

For the year ending 28 February 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 21 November 2014

And signed on their behalf by:
S Desai, Director

OPENEDGE RESIDENTIAL LIMITED Registered Number 07967110

Notes to the Abbreviated Accounts for the period ended 28 February 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.

Compliance with accounting standards:
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents rents receivable from properties.

Tangible assets depreciation policy
Tangible fixed assets and depreciation:
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2Tangible fixed assets

	£
Cost
At 1 March 2013	1,000,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	1,000,000
Depreciation
At 1 March 2013	0
Charge for the year	-
On disposals	-
At 28 February 2014	0
Net book values
At 28 February 2014	1,000,000
At 28 February 2013	1,000,000

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

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100