Abbreviated Company Accounts - ONTRAK PROPERTY LIMITED

SOUTH EAST TEN TRADING LIMITED - Company Information

Registered Number 07181732

ONTRAK PROPERTY LIMITED

Abbreviated Accounts

31 March 2014

ONTRAK PROPERTY LIMITED Registered Number 07181732

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	260,000	265,000
		260,000	265,000
Current assets
Cash at bank and in hand		3,859	2,438
		3,859	2,438
Creditors: amounts falling due within one year		(19,564)	(14,671)
Net current assets (liabilities)		(15,705)	(12,233)
Total assets less current liabilities		244,295	252,767
Creditors: amounts falling due after more than one year		(236,522)	(250,816)
Total net assets (liabilities)		7,773	1,951
Capital and reserves
Called up share capital		1	1
Profit and loss account		7,772	1,950
Shareholders' funds		7,773	1,951

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 1 December 2014

And signed on their behalf by:
A Spence, Director

ONTRAK PROPERTY LIMITED Registered Number 07181732

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 the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Fixtures, fittings
and equipment - 20% straight line

Other accounting policies
In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2007) no
depreciation is provided in respect of freehold properties held as investments. This is a departure from
the requirements of the Companies Act 1985 which requires all properties to be depreciated. Such
properties are held for investment and not for consumption and the directors consider that to depreciate
them would not give a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 April 2013	275,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	275,000
Depreciation
At 1 April 2013	10,000
Charge for the year	5,000
On disposals	-
At 31 March 2014	15,000
Net book values
At 31 March 2014	260,000
At 31 March 2013	265,000