ISME PROPERTY LIMITED - Accounts 2014

ISME PROPERTY LIMITED - Accounts 2014

ISME PROPERTY LIMITED - Company Information

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2013-02-252014-02-2808417645falsetruehttp://www.companieshouse.gov.uk/pt:InvestmentProperties2013-02-252014-02-28http://www.companieshouse.gov.uk/cd:Director12013-02-252014-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-02-252014-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-02-28http://www.companieshouse.gov.uk/2013-02-252014-02-28http://www.companieshouse.gov.uk/2014-02-28http://www.companieshouse.gov.uk/pt:InvestmentProperties2014-02-28http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2013-02-252014-02-28http://www.companieshouse.gov.uk/2013-02-24iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 08417645
ISME Property Ltd
ABBREVIATED ACCOUNTS
FOR THE 369 DAY PERIOD ENDED 28 FEBRUARY 2014
Prepared By:
Norman R Evans & Co Ltd
Chartered Accountants
25/27
Station Street
Cheslyn Hay , Walsall
West Midlands
WS6 7ED

ISME Property Ltd
ABBREVIATED ACCOUNTS
FOR THE 369 DAY PERIOD ENDED 28 February 2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 08417645

ISME Property Ltd
Registered Number: 08417645
BALANCE SHEET AT 28 FEBRUARY 2014
2014
Notes£
FIXED ASSETS
Tangible assets268,650
CURRENT ASSETS
Cash at bank and in hand1
1
CREDITORS: Amounts falling due within one year74,269
NET CURRENT LIABILITIES(74,268)
TOTAL ASSETS LESS CURRENT LIABILITIES(5,618)
CAPITAL AND RESERVES
Called up share capital31
Profit and loss account(5,619)
SHAREHOLDERS' FUNDS(5,618)
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 24 November 2014 and signed on their behalf by
Mr J Fisher
Director

ISME Property Ltd
NOTES TO THE ACCOUNTS
FOR THE 369 DAY PERIOD ENDED 28 FEBRUARY 2014
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2. TANGIBLE FIXED ASSETS
Investment
PropertiesTotal
££
Cost
Additions68,65068,650
At 28 February 201468,65068,650
Depreciation
At 28 February 2014--
Net Book Amounts
At 28 February 201468,65068,650

ISME Property Ltd
3. SHARE CAPITAL 2014
£
Allotted, issued and fully paid:
1 Ordinary shares of £1 each1
1
New shares issued during period:
1 Ordinary shares of £1 each1
1
4. RELATED PARTY TRANSACTIONS
The Company trades with Fusion Electrical Contractors Ltd. , a company in which Mr J Fisher has an interest. The balance owing to Fusion Electrical Contractors at the 28/2/2014 was £73759.