Abbreviated Company Accounts - IAC PROPERTY INVESTMENTS LIMITED
Abbreviated Company Accounts - IAC PROPERTY INVESTMENTS LIMITED
Registered Number 08145832
IAC PROPERTY INVESTMENTS LIMITED
Abbreviated Accounts
31 March 2014
IAC PROPERTY INVESTMENTS LIMITED Registered Number 08145832
Abbreviated Balance Sheet as at 31 March 2014
| Notes | 2014 | 2013 | |
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| £ | £ | ||
| Fixed assets | |||
| Investments | 2 |
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| Current assets | |||
| Debtors |
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| Creditors: amounts falling due within one year |
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| Net current assets (liabilities) |
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| Total assets less current liabilities |
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| Total net assets (liabilities) |
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| Capital and reserves | |||
| Called up share capital | 3 |
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| Profit and loss account |
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| Shareholders' funds |
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For the year ending 31 March 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
And signed on their behalf by:
IAC PROPERTY INVESTMENTS LIMITED Registered Number 08145832
Notes to the Abbreviated Accounts for the period ended 31 March 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Other accounting policies
Fixed asset investments are stated at cost less provision for diminution in value.
Group Accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 299 of the Companies Act 2006 not to prepare group accounts.
2Fixed assets Investments
Cost
At 1 April 2013 £1,467,487
Additions £13,365
At 31 March 2014 £1,480,852
At 31 March 2013 £1,467,487
Holdings of more than 20%:
The company holds more than 20% of the share capital of the following companies:
Subsidiary undertakings:
L25 Investments Limited; Incorporated in England & Wales; 100% of Ordinary shares
Participating interests:
Castleplus Properties Limited*; Incorporated in England & Wales; 100% of Ordinary "A" shares
Castleplus Limited**; Incorporated in England & Wales; 100% of Ordinary shares
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
L25 Investments Limited; Principal activity: Property trading & development; Capital and reserves 2014: £652,198; Profit/(loss) for the year 2014: (335,608)
Castleplus Properties Limited*; Principal activity: Holding company; Capital and reserves 2014: £(23,158); Profit/(loss) for the year 2014: (25,158)
Castleplus Limited**; Principal activity: Property management; Capital and reserves 2014: £169,778; Profit/(loss) for the year 2014: (6,899)
* The figures for Castleplus Properties Limited are based on draft accounts for the period ended 31 May 2014. Another party holds 100% of the 1,000 Ordinary "B" shares, which rank pari passu with the Ordinary "A" shares.
** Castleplus Limited is a wholly owned subsidiary of Castleplus Properties Limited and its figures are based on draft accounts for the year ended 31 May 2014.