Marston-on-Dove Estates Limited - Limited company - abbreviated - 11.6

Marston-on-Dove Estates Limited - Limited company - abbreviated - 11.6

MARSTON-ON-DOVE ESTATES LIMITED - Company Information

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REGISTERED NUMBER: 00507747 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

MARSTON-ON-DOVE ESTATES LIMITED

MARSTON-ON-DOVE ESTATES LIMITED (REGISTERED NUMBER: 00507747)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 6

MARSTON-ON-DOVE ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2014







DIRECTORS: N J M Spurrier
S H W Spurrier
E J M Spurrier





SECRETARY: D P Spurrier





REGISTERED OFFICE: Marston Hall
Hilton
Derby
DE65 5GD





REGISTERED NUMBER: 00507747 (England and Wales)





ACCOUNTANTS: B W Bradley & Associates
52 St John Street
Ashbourne
Derbyshire
DE6 1GH
Page 1
MARSTON-ON-DOVE ESTATES LIMITED (REGISTERED NUMBER: 00507747)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 16,854 21,255
Investment property 3 8,691,599 8,609,859
8,708,453 8,631,114

CURRENT ASSETS
Debtors 2,079 75,951
Cash at bank and in hand 365,586 387,083
367,665 463,034
CREDITORS
Amounts falling due within one year 141,221 145,948
NET CURRENT ASSETS 226,444 317,086
TOTAL ASSETS LESS CURRENT
LIABILITIES
8,934,897
8,948,200

PROVISIONS FOR LIABILITIES 673,518 673,518
NET ASSETS 8,261,379 8,274,682

CAPITAL AND RESERVES
Called up share capital 4 29,500 29,500
Revaluation reserve 5,374,980 5,374,980
Capital redemption reserve 500 500
Profit and loss account 2,856,399 2,869,702
SHAREHOLDERS' FUNDS 8,261,379 8,274,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The notes form part of these abbreviated accounts

Page 2 continued...
MARSTON-ON-DOVE ESTATES LIMITED (REGISTERED NUMBER: 00507747)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2014



The financial statements were approved by the Board of Directors on 9 December 2014 and were signed on its behalf
by:





N J M Spurrier - Director


The notes form part of these abbreviated accounts

Page 3
MARSTON-ON-DOVE ESTATES LIMITED (REGISTERED NUMBER: 00507747)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April
2008).

Turnover
Turnover comprises rental income recognised by the company on an accruals basis, exclusive of Value Added
Tax.

All turnover arose within the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), investment
properties are revalued annually to market value and the aggregate surplus or deficit is transferred to a
revaluation reserve. No depreciation or amortisation is provided in respect of the company's freehold investment
properties.The cost of freehold investment properties is shown at the cost to the company less the proceeds of
sale of small parcels of land, which have been sold from time to time. Any large disposals of land or buildings
are accounted for as disposals of fixed assets.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 147,515
Additions 1,302
At 31 March 2014 148,817
DEPRECIATION
At 1 April 2013 126,260
Charge for year 5,703
At 31 March 2014 131,963
NET BOOK VALUE
At 31 March 2014 16,854
At 31 March 2013 21,255

Page 4 continued...
MARSTON-ON-DOVE ESTATES LIMITED (REGISTERED NUMBER: 00507747)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2013 8,609,859
Additions 81,740
At 31 March 2014 8,691,599
NET BOOK VALUE
At 31 March 2014 8,691,599
At 31 March 2013 8,609,859

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: as restated
£    £   
29,500 Ordinary £1 29,500 29,500

5. POST BALANCE SHEET EVENTS

On the 18th August 2014, the company adopted new Articles of Association in the form of model Articles to
comply with the Companies Act 2006 with a modification to clause 26 to introduce the same pre-emption rights
on transfer of shares that had been included in the original Articles of Association of the company.

6. REVALUATION OF INVESTMENT PROPERTIES

In order to comply with accounting standards, the company has revalued its freehold investment properties to
their open market value, which has resulted in the balance sheet having to be restated in earlier years. The
revaluation had no effect on the profit and loss reserves of the company, but did increase shareholder funds by
£5,374,980 after full allowance has been made for the potential corporation tax payable on the revaluation.

Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MARSTON-ON-DOVE ESTATES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Marston-on-Dove Estates Limited for the year ended 31 March 2014 which comprise the Profit
and Loss Account, the Balance Sheet, the Statement of Total Recognised Gains and Losses and the related notes from
the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject
to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Marston-on-Dove Estates Limited, as a body, in accordance with
our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of
Marston-on-Dove Estates Limited and state those matters that we have agreed to state to the Board of Directors of
Marston-on-Dove Estates Limited, as a body, in this report in accordance with AAF 2/10 as detailed at
icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone
other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Marston-on-Dove Estates Limited has kept adequate accounting records and to prepare
statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of
Marston-on-Dove Estates Limited. You consider that Marston-on-Dove Estates Limited is exempt from the statutory
audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Marston-on-Dove Estates
Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






B W Bradley & Associates
52 St John Street
Ashbourne
Derbyshire
DE6 1GH


9 December 2014

This page does not form part of the abbreviated accounts

Page 6