Accounts filed on 31-03-2014
Accounts filed on 31-03-2014
true48 Berkeley Square (Management) Limited016377602014-03-3148647540114874754111100100487475411148747541112062125985240039362302129921230212992128126281262812628126Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from
the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or
its reversal, on an individual investment property is expected to be permanent, in which case it
is recognised in the profit and loss account for the year.
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.Fixed Assets
All fixed assets are initially recorded at cost.
2812628126This represents the cost of the company's investment in the leasehold interest at 48 Berkeley Square, London W1.
In the directors' opinion the open market value of the leasehold investment property is not materially different from the amount stated in the financial statements. 2812628126
This represents the cost of the company's investment in the leasehold interest at 48 Berkeley Square, London W1.
In the directors' opinion the open market value of the leasehold investment property is not materially different from the amount stated in the financial statements.
Ordinary10000.10100100Ordinary0.1010010010002014-12-15K L OrdG ElliottDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pure48 Berkeley Square (Management) Limited2013-04-012014-03-3148 Berkeley Square (Management) Limited2012-04-012013-03-3148 Berkeley Square (Management) Limited2012-03-3148 Berkeley Square (Management) Limited2013-03-3148 Berkeley Square (Management) Limited2013-03-3148 Berkeley Square (Management) Limited2014-03-31 2014-12-16
