Abbreviated Company Accounts - COOMBE INVESTMENTS LIMITED

COOMBE INVESTMENTS LIMITED - Company Information

Registered Number 00656766

COOMBE INVESTMENTS LIMITED

Abbreviated Accounts

31 March 2014

COOMBE INVESTMENTS LIMITED Registered Number 00656766

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	230,031	230,141
		230,031	230,141
Current assets
Debtors		1,828,293	2,785,864
Cash at bank and in hand		1,070,660	4,223
		2,898,953	2,790,087
Creditors: amounts falling due within one year		(448,356)	(444,532)
Net current assets (liabilities)		2,450,597	2,345,555
Total assets less current liabilities		2,680,628	2,575,696
Total net assets (liabilities)		2,680,628	2,575,696
Capital and reserves
Called up share capital		4	4
Other reserves		1,338,323	1,338,323
Profit and loss account		1,342,301	1,237,369
Shareholders' funds		2,680,628	2,575,696

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 19 December 2014

And signed on their behalf by:
Lynda Anne Bailey, Director

COOMBE INVESTMENTS LIMITED Registered Number 00656766

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 rent and other monies from tenants which are credited as income on an accrual basis.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings Reducing Balance 25%.

Other accounting policies
Investment Properties;
Investment properties are included in the balance sheet at cost and expenditure on the maintenance thereof is written off when incurred. This represents a departure from Financial Reporting Standard for Smaller Entities (effective April 2008) which requires the annual revaluation of such properties.

Taxation:
Corporation tax provided on taxable profits at the current rates.
Deferred Taxation is provided on the liability method on any material short term timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

2Tangible fixed assets

	£
Cost
At 1 April 2013	259,846
Additions	952
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	260,798
Depreciation
At 1 April 2013	29,705
Charge for the year	1,062
On disposals	-
At 31 March 2014	30,767
Net book values
At 31 March 2014	230,031
At 31 March 2013	230,141