1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements are prepared under the historical cost convention and the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy

The company relies upon the continued support of the Directors to finance its day to day working requirements. No other material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the directors. The directors consider it appropriate to prepare the financial statements on a going concern basis.

Tangible fixed assets depreciation policy

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Land Not depreciated

Other accounting policies

The accounting policy in respect of deferred tax reflects the requirements of the Financial Reporting Standard for Smaller Entities (effective April 2008). Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

2. Tangible assets

3. Called up share capital

Allotted, called up and paid

During the year Mr R H Fife paid expenses of £113 on behalf of the company, and the company repaid Mr A N Fife £362. At 5 April 2014 the company owed Mr A N Fife £15,381 (2013: £15,744) and owed Mr R H Fife £356 (2012: £243).