Strakers Limited - Abbreviated accounts 16.3
Strakers Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 November 2016 |
| for |
| Strakers Limited |
| Strakers Limited (Registered number: 08290401) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 November 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Strakers Limited |
| Company Information |
| for the Year Ended 30 November 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Strakers Limited (Registered number: 08290401) |
| Abbreviated Balance Sheet |
| 30 November 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors on by: |
| Strakers Limited (Registered number: 08290401) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 November 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents net rental income receivable, excluding value added tax. |
| Turnover is recognised when rent becomes due. |
| Investment property |
| In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) the investment |
| property is revalued annually to open market value and no depreciation is provided. The directors consider that |
| this accounting policy results in the financial statements giving a true and fair view. The effect of this departure |
| from the Companies Act 2006 has not been quantified because it is impracticable and, in the opinion of the |
| directors, would be misleading. |
| The aggregate surplus or deficit arising on revaluation is transferred to the revaluation reserve, except where a |
| deficit is deemed to represent a permanent diminution in value, in which case it is charged to the profit and loss |
| account. |
| Deferred tax |
| Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by |
| the balance sheet date except that: |
| - deferred tax is not recognised on timing differences arising on revalued properties unless the company has |
| entered into a binding sale agreement and is not proposing to take advantage of rollover relief; and |
| - the recognition of deferred tax assets is limited to the extent that the company anticipates to make sufficient |
| taxable profits in the future to absorb the reversal of the underlying timing differences. |
| Deferred tax balances are not discounted. |
| 2. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 December 2015 |
| Additions |
| At 30 November 2016 |
| NET BOOK VALUE |
| At 30 November 2016 |
| At 30 November 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | 1 |