Abbreviated Company Accounts - INNER CITY PROPERTIES LIMITED

INNER CITY PROPERTIES LIMITED - Company Information

03453285 INNER CITY PROPERTIES LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 03453285 2013-04-01 2014-03-31 03453285 2014-03-31 03453285 2013-03-31 03453285 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 03453285 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 03453285

INNER CITY PROPERTIES LIMITED

Abbreviated Accounts

31 March 2014

INNER CITY PROPERTIES LIMITED Registered Number 03453285

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,086,321	1,086,321
		1,086,321	1,086,321
Current assets
Debtors		24,397	31,151
Cash at bank and in hand		23,696	24,395
		48,093	55,546
Creditors: amounts falling due within one year	3	(302,955)	(381,204)
Net current assets (liabilities)		(254,862)	(325,658)
Total assets less current liabilities		831,459	760,663
Total net assets (liabilities)		831,459	760,663
Capital and reserves
Called up share capital	4	90	90
Profit and loss account		831,369	760,573
Shareholders' funds		831,459	760,663

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 9 December 2014

And signed on their behalf by:
A Oestreicher, Director

INNER CITY PROPERTIES LIMITED Registered Number 03453285

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents rents charged to tenants.

Tangible assets depreciation policy
Investment properties are shown at cost. In the directors' opinion open market value exceeds cost, but given the subjectivity of property valuation in the prevailing economic climate, consider it more appropriate to record investment property at cost.
In accordance with Statement of Standard Accounting Practice No 19 no depreciation or amortisation is provided in respect of investment properties. This departure from the requirement of the Companies Act 2006, for all properties to be depreciated, is necessary, as the directors consider that this accounting policy results in the financial statements giving a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 April 2013	1,086,321
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	1,086,321
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	1,086,321
At 31 March 2013	1,086,321

3Creditors

	2014 £	2013 £
Secured Debts	0	75,000

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
90 Ordinary shares of £1 each	90	90