true
NC Properties Limited
02969777
2016-06-30
83237
85165
186009
187937
1000
1000
101772
101772
186009
187937
186009
187937
-13991
-12063
13991
12063
200000
200000
200000
200000
Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover consists of rents receivable.
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from
the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or
its reversal, on an individual investment property is expected to be permanent, in which case it
is recognised in the profit and loss account for the year.
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.
Fixed Assets
All fixed assets are initially recorded at cost.
200000
200000
INVESTMENT PROPERTIES
The company's investment properties were revalued at the open market value on 30 June 2016 by the
directors.
200000
200000
INVESTMENT PROPERTIES
The company's investment properties were revalued at the open market value on 30 June 2016 by the
directors.
Ordinary
1000
1
1000
1000
Ordinary
1
1000
1000
1000
The company was under the control of the directors throughout the current and previous year.
2017-03-10
N S Chahal
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
NC Properties Limited
2015-07-01
2016-06-30
NC Properties Limited
2014-07-01
2015-06-30
NC Properties Limited
2014-06-30
NC Properties Limited
2015-06-30
NC Properties Limited
2015-06-30
NC Properties Limited
2016-06-30
2017-03-25