Abbreviated Company Accounts - DAWSON MARKER LIMITED

DAWSON MARKER LIMITED - Company Information

Registered Number 04007463

DAWSON MARKER LIMITED

Abbreviated Accounts

31 March 2014

DAWSON MARKER LIMITED Registered Number 04007463

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	376,044	376,044
		376,044	376,044
Current assets
Debtors		24,756	25,506
Cash at bank and in hand		16,936	12,285
		41,692	37,791
Creditors: amounts falling due within one year		(159,855)	(157,663)
Net current assets (liabilities)		(118,163)	(119,872)
Total assets less current liabilities		257,881	256,172
Creditors: amounts falling due after more than one year		(189,929)	(203,035)
Total net assets (liabilities)		67,952	53,137
Capital and reserves
Called up share capital		1	1
Profit and loss account		67,951	53,136
Shareholders' funds		67,952	53,137

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 27 September 2014

And signed on their behalf by:
Bharat Amin, Director

DAWSON MARKER LIMITED Registered Number 04007463

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
Rental income represents gross rental income before deductions of commission and charges.

Tangible assets depreciation policy
No Depreciation is provided in respect of freehold and long leasehold properties.
This treatment as regards the Company's investment properties may be a departure from the requirements on the Companies Act concerning depreciation of fixed assets.
However these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate.
The accounting policy adopted is therefore necessary for the accounts to give a true and fair view.

Valuation information and policy
Statement of Standard Accounting Practice no. 19 requires freehold and long leasehold investment properties to be revalued on an open market basis with vacant possession annually, surpluses and deficits are to be transferred to the revaluation reserve.
In this case, the directors have taken a prudent view and valued the properties at original cost.
The accounting policy adopted is therefore necessary fort he accounts to give a true and fair view

Other accounting policies
The Company has not prepared a cash flow statement as permitted by Paragraph 8 of Financial Reporting Standard 1.

2Tangible fixed assets

	£
Cost
At 1 April 2013	376,044
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	376,044
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	376,044
At 31 March 2013	376,044

In accordance with Statement of Standard Accounting Practice no.19 the Company's investment properties are valued by Smith Melzack on an open market value with a tenant in occupation and on an unexpired lease of 10 years as at 24September 2005. The properties have been stated at original cost.