Abbreviated Company Accounts - LINEAGE PROPERTIES LIMITED

Abbreviated Company Accounts - LINEAGE PROPERTIES LIMITED


Registered Number 00680985

LINEAGE PROPERTIES LIMITED

Abbreviated Accounts

31 March 2014

LINEAGE PROPERTIES LIMITED Registered Number 00680985

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 363,852 363,852
363,852 363,852
Current assets
Debtors 6,000 20,702
Investments 400 400
Cash at bank and in hand 95,674 100,313
102,074 121,415
Creditors: amounts falling due within one year (182,009) (258,975)
Net current assets (liabilities) (79,935) (137,560)
Total assets less current liabilities 283,917 226,292
Total net assets (liabilities) 283,917 226,292
Capital and reserves
Called up share capital 3 100 100
Revaluation reserve 50,941 50,941
Profit and loss account 232,876 175,251
Shareholders' funds 283,917 226,292
  • 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 12 December 2014

And signed on their behalf by:
NIZZA FLUSS, Director

LINEAGE PROPERTIES LIMITED Registered Number 00680985

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
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Other accounting policies
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets
£
Cost
At 1 April 2013 363,852
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 363,852
Depreciation
At 1 April 2013 -
Charge for the year -
On disposals -
At 31 March 2014 -
Net book values
At 31 March 2014 363,852
At 31 March 2013 363,852

Fixed assets

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100