Duet Properties Limited - Filleted accounts

Duet Properties Limited - Filleted accounts

DUET PROPERTIES LIMITED - Company Information

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Registered number
04140992
Duet Properties Limited
Unaudited Filleted Accounts
31 March 2018
Duet Properties Limited
Registered number: 04140992
Balance Sheet
as at 31 March 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 249,586 248,837
Current assets
Cash at bank and in hand 1,224 2,152
Creditors: amounts falling due within one year 3 (203,096) (208,583)
Net current liabilities (201,872) (206,431)
Net assets 47,714 42,406
Capital and reserves
Called up share capital 2 2
Profit and loss account 47,712 42,404
Shareholders' funds 47,714 42,406
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs D.J.Walker
Director
Approved by the board on 21 August 2018
Duet Properties Limited
Notes to the Accounts
for the year ended 31 March 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Plant and machinery over 4 years
2 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2017 248,837 - 1,440 250,277
Additions - 999 - 999
At 31 March 2018 248,837 999 1,440 251,276
Depreciation
At 1 April 2017 - - 1,440 1,440
Charge for the year - 250 - 250
At 31 March 2018 - 250 1,440 1,690
Net book value
At 31 March 2018 248,837 749 - 249,586
At 31 March 2017 248,837 - - 248,837
3 Creditors: amounts falling due within one year 2018 2017
£ £
Trade creditors 3,824 2,829
Taxation and social security costs 2,951 -
Other creditors 196,321 205,754
203,096 208,583
4 Other information
Duet Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
50 Hoyland Road
Hoyland Common
Barnsley
South Yorkshire
S74 0PB
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