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Registered number: 00663262
DECENTRALISATION (INVESTMENTS) LTD
UNAUDITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
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DECENTRALISATION (INVESTMENTS) LTD
REGISTERED NUMBER: 00663262
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ABBREVIATED BALANCE SHEET
AS AT 30 SEPTEMBER 2016
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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CREDITORS: amounts falling due after more than one year
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Investment property reserve
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Page 1
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DECENTRALISATION (INVESTMENTS) LTD
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ABBREVIATED BALANCE SHEET (continued)
AS AT 30 SEPTEMBER 2016
The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 September 2016 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by:
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R H Esdaile
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Page 2
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DECENTRALISATION (INVESTMENTS) LTD
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention as modified by the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
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Investment properties are included in the Balance Sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.
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2.INVESTMENT PROPERTY
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Surplus/(deficit) on revaluation
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The 2016 valuations were made by the directors, on an open market value for existing use basis.
The historical cost of the investment properties is £79,345.
3.CREDITORS:
Amounts falling due after more than one year
The Barclays bank loan is secured by way of a debenture and fixed and floating charges over the assets of the company.
4.SHARE CAPITAL
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Allotted, called up and fully paid
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1,000 Ordinary shares of £1 each
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Page 3
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DECENTRALISATION (INVESTMENTS) LTD
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
5.RESERVES
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Investment property revaluation reserve
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Movement on investment property
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6.ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY
The ultimate parent company in this and the preceding year is Coventry Street Productions Limited.
Page 4
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