Abbreviated Company Accounts - OPALSPACE LIMITED

04039394 OPALSPACE LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 04039394 2013-04-01 2014-03-31 04039394 2014-03-31 04039394 2013-03-31 04039394 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 04039394 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 04039394

OPALSPACE LIMITED

Abbreviated Accounts

31 March 2014

OPALSPACE LIMITED Registered Number 04039394

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	198,544	198,569
Investments	3	91,667	-
		290,211	198,569
Current assets
Cash at bank and in hand		8,485	8,651
		8,485	8,651
Creditors: amounts falling due within one year		(19,288)	(13,430)
Net current assets (liabilities)		(10,803)	(4,779)
Total assets less current liabilities		279,408	193,790
Creditors: amounts falling due after more than one year		(171,370)	(90,000)
Total net assets (liabilities)		108,038	103,790
Capital and reserves
Called up share capital	4	2	2
Revaluation reserve		69,228	69,228
Profit and loss account		38,808	34,560
Shareholders' funds		108,038	103,790

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 24 December 2014

And signed on their behalf by:
Richard Jayson, Director

OPALSPACE LIMITED Registered Number 04039394

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents rents derived from investment property.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and Buildings Freehold - Nil
Fixtures, fittings & equipment - 20% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2013	200,185
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	200,185
Depreciation
At 1 April 2013	1,616
Charge for the year	25
On disposals	-
At 31 March 2014	1,641
Net book values
At 31 March 2014	198,544
At 31 March 2013	198,569

3Fixed assets Investments
Fixed Asset Investments are stated at cost less provision for diminution in value.

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

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2

The company was under the control of its directors during the year.