Selbys (Properties) Limited
|
Registered number: |
02601327
|
Abbreviated Balance Sheet |
as at 31 August 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
34,707 |
|
|
34,707 |
|
Current assets |
Debtors |
|
|
2,087 |
|
|
289 |
Cash at bank and in hand |
|
|
88 |
|
|
33 |
|
|
|
2,175 |
|
|
322 |
|
Creditors: amounts falling due within one year |
|
|
(3,938) |
|
|
(5,577) |
|
Net current liabilities |
|
|
|
(1,763) |
|
|
(5,255) |
|
Net assets |
|
|
|
32,944 |
|
|
29,452 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
90 |
|
|
90 |
Profit and loss account |
|
|
|
32,854 |
|
|
29,362 |
|
Shareholders' funds |
|
|
|
32,944 |
|
|
29,452 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
A F Selby |
Director |
Approved by the board on 18 May 2016
|
|
Selbys (Properties) Limited
|
Notes to the Abbreviated Accounts |
for the year ended 31 August 2015
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Freehold Property is not depreciated. |
|
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Going concern |
|
The financial statements have been prepared on a going concern basis. The directors have indicated their willingness to continue to support the company for the forseeable future and no demand has been received for repayment from the company's lenders for amounts owing. The directors are actively reviewing the future trade and cost levels to identify potential savings and improve profitability. In the light of the factors described above, the directors consider it appropriate to adopt the going concern basis in preparing the financial statements. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 September 2014 |
34,707 |
|
At 31 August 2015 |
34,707 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 August 2015 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2015 |
34,707 |
|
At 31 August 2014 |
34,707 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
90 |
|
90 |
|
90 |
|
|
|
|
|
|
|
|
|