Abbreviated Company Accounts - MYN PROPERTIES LTD

MYN PROPERTIES LTD - Company Information

Registered Number 03014281

MYN PROPERTIES LTD

Abbreviated Accounts

31 March 2014

MYN PROPERTIES LTD Registered Number 03014281

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,651,269	1,623,590
		1,651,269	1,623,590
Current assets
Debtors		155,757	150,313
Cash at bank and in hand		20,842	37,947
		176,599	188,260
Creditors: amounts falling due within one year		(23,796)	(7,848)
Net current assets (liabilities)		152,803	180,412
Total assets less current liabilities		1,804,072	1,804,002
Creditors: amounts falling due after more than one year		(899,436)	(910,567)
Total net assets (liabilities)		904,636	893,435
Capital and reserves
Called up share capital		1,000	1,000
Revaluation reserve		835,482	835,482
Profit and loss account		68,154	56,953
Shareholders' funds		904,636	893,435

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 17 December 2014

And signed on their behalf by:
M Nowman, Director

MYN PROPERTIES LTD Registered Number 03014281

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 received during the period from properties.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures fittings 20% Net book value

2Tangible fixed assets

	£
Cost
At 1 April 2013	1,631,051
Additions	28,102
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	1,659,153
Depreciation
At 1 April 2013	7,461
Charge for the year	423
On disposals	-
At 31 March 2014	7,884
Net book values
At 31 March 2014	1,651,269
At 31 March 2013	1,623,590