Marketwise Properties Limited,Ltd - Accounts


2015-12-01 false false Public Limited Company 03126766 2016-11-30 03126766 2015-12-01 2016-11-30 03126766 2015-11-30 03126766 2014-12-01 2015-11-30 03126766 uk-bus:Director1 2015-12-01 2016-11-30 iso4217:GBP
Marketwise Properties Limited
For the year ended 30 November 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03126766
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Abbreviated Balance Sheet
Marketwise Properties Limited
As at 30 November 2016
03126766
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
3,000
3,000
3,000
3,000
Current assets
Debtors
-
3,565
Cash at bank and in hand
643
642
4,208
642
Creditors: amounts falling due within one year
(637)
(4,203)
5
5
Net current assets
Total assets less current liabilities
3,005
3,005
Creditors: amounts falling due after more than one year
3
(3,000)
(3,000)
5
Net assets
5
Capital and reserves
Called up share capital
5
4
5
5
5
Shareholders funds
For the year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 22 August 2017
Mr B Singh Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
Marketwise Properties Limited
For the year ended 30 November 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
3,000
At 01 December 2015
At 30 November 2016
3,000
Net book values
At 30 November 2016
3,000
3,000
At 30 November 2015
In the opinion of the director, the market value of the freehold is £ 3,000.
3 Creditors: amounts falling due after one year
Freehold Purchase Fund
4 Share capital
Share Capital
Allotted, called up and fully paid ordinary shares of £ 1.00 each. £ 5.00 £ 5.00
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