Abbreviated Company Accounts - MORRISON STREET PROPERTIES LIMITED

MORRISON STREET PROPERTIES LIMITED - Company Information

04689444 MORRISON STREET PROPERTIES LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 04689444 2013-04-01 2014-03-31 04689444 2014-03-31 04689444 2013-03-31 04689444 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 04689444 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 04689444

MORRISON STREET PROPERTIES LIMITED

Abbreviated Accounts

31 March 2014

MORRISON STREET PROPERTIES LIMITED Registered Number 04689444

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,600,023	1,060,000
		1,600,023	1,060,000
Current assets
Cash at bank and in hand		2,197	24,631
		2,197	24,631
Creditors: amounts falling due within one year	3	(296,217)	(288,196)
Net current assets (liabilities)		(294,020)	(263,565)
Total assets less current liabilities		1,306,003	796,435
Creditors: amounts falling due after more than one year	3	(1,032,675)	(681,425)
Total net assets (liabilities)		273,328	115,010
Capital and reserves
Called up share capital	4	100	100
Other reserves		229,579	64,167
Profit and loss account		43,649	50,743
Shareholders' funds		273,328	115,010

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 30 December 2014

And signed on their behalf by:
E A Bramwell, Director

MORRISON STREET PROPERTIES LIMITED Registered Number 04689444

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have
been prepared under the historical cost convention as modified by the revaluation of certain fixed
assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April
2008).

Turnover policy
Turnover comprises revenue recognised by the company in respect of rental income received during
the year, exclusive of Value Added Tax and trade discounts.

Valuation information and policy
Investment properties

Investment properties are included in the Balance sheet at their open market value in accordance
with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not
depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets
should be depreciated but is, in the opinion of the director, necessary in order to give a true and fair
view of the financial position of the company.

2Tangible fixed assets

	£
Cost
At 1 April 2013	1,060,000
Additions	374,611
Disposals	-
Revaluations	165,412
Transfers	-
At 31 March 2014	1,600,023
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	1,600,023
At 31 March 2013	1,060,000

The 2014 valuations were made by E A Bramwell, director, on an open market value for existing use
basis.

3Creditors

	2014 £	2013 £
Secured Debts	450,000	506,250
Instalment debts due after 5 years	168,750	225,000

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100