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MURRAY JOHN PROPERTY LIMITED
REGISTERED NUMBER: 06166373
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ABBREVIATED BALANCE SHEET
AS AT 31 MARCH 2014
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CREDITORS: amounts falling due within one year
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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 31 March 2014 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 on 18 November 2014.
The notes on pages 2 to 3 form part of these financial statements.
Page 1
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MURRAY JOHN PROPERTY LIMITED
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
1.Accounting Policies
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The financial statements have been prepared in accordance with applicable accounting standards. The principal accounting policies are as follows:-
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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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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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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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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33.33% straight line basis
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Investments held as fixed assets are shown at cost less provision for impairment.
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2.Tangible fixed assets
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At 1 April 2013 and 31 March 2014
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At 1 April 2013 and 31 March 2014
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3.Fixed asset investments
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At 1 April 2013 and 31 March 2014
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Page 2
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MURRAY JOHN PROPERTY LIMITED
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
4.Debtors
Included within other debtors due within one year is a loan to Mr M J Hodgson, a director, amounting to £13,531 (2013 - £15,315). Amounts repaid during the year totalled £26,790, with further amounts drawn totalling £25,006.
5.Share capital
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Allotted, called up and fully paid
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26 "A" Ordinary Shares of £1 each shares of £1 each
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49 "B" Ordinary Shares of £1 each shares of £1 each
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25 "C" Ordinary Shares of £1 each shares of £1 each
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6.Related party transactions
Dividends were paid to the following directors:-
7.Controlling party
Mr Hodgson, a director of the company, and Mrs Hodgson have control of the company as a result of jointly controlling, directly or indirectly, 51% of the issued share capital of the company.
Page 3
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