Abbreviated Company Accounts - ACREBRAE LIMITED

SC265119 ACREBRAE LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true SC265119 2013-04-01 2014-03-31 SC265119 2014-03-31 SC265119 2013-03-31 SC265119 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 SC265119 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 SC265119

ACREBRAE LIMITED

Abbreviated Accounts

31 March 2014

ACREBRAE LIMITED Registered Number SC265119

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	441,670	441,670
		441,670	441,670
Current assets
Debtors		51,450	50,000
Cash at bank and in hand		1,394	1,491
		52,844	51,491
Creditors: amounts falling due within one year		(364,771)	(304,489)
Net current assets (liabilities)		(311,927)	(252,998)
Total assets less current liabilities		129,743	188,672
Creditors: amounts falling due after more than one year		(46,662)	(98,885)
Total net assets (liabilities)		83,081	89,787
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		83,079	89,785
Shareholders' funds		83,081	89,787

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 January 2015

And signed on their behalf by:
J B Alexander, Director

ACREBRAE LIMITED Registered Number SC265119

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 gross rents receivable.

Tangible assets depreciation policy
Heritable properties are included in the balance sheet at their cost. Depreciation is only provided on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirements of the Companies Act 2006 for all tangible fixed assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statements to give a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 April 2013	441,670
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	441,670
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	441,670
At 31 March 2013	441,670

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2