REGISTERED NUMBER:
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MASTERANGE PROPERTIES LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2014 |
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REGISTERED NUMBER:
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MASTERANGE PROPERTIES LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2014 |
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MASTERANGE PROPERTIES LIMITED (REGISTERED NUMBER: 05246007) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
MASTERANGE PROPERTIES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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MASTERANGE PROPERTIES LIMITED (REGISTERED NUMBER: 05246007) |
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ABBREVIATED BALANCE SHEET |
31 DECEMBER 2014 |
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31.12.14 | 31.12.13 |
Notes | € | € | € | € |
FIXED ASSETS |
Investment property | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the director on
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MASTERANGE PROPERTIES LIMITED (REGISTERED NUMBER: 05246007) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with |
the Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents rent receivable, including property running costs recharged to tenants. |
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Investment property |
Investment properties, comprising freehold land and buildings in Germany and the UK, are stated at cost. |
The properties have not been revalued at the year end as required by Statement of Standard Accounting |
Practice No 19 and no provision is made for depreciation. The director considers that this accounting |
policy, which represents a departure from statutory accounting rules, is necessary to provide a true and |
fair view. |
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Foreign currencies |
Assets and liabilities in pounds sterling are translated into euros at the rates of exchange ruling at the |
balance sheet date. Transactions in pounds sterling are translated into euros at the rate of exchange |
ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating |
result. |
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2. | INVESTMENT PROPERTY |
Total |
€ |
COST |
At 1 January 2014 |
and 31 December 2014 |
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NET BOOK VALUE |
At 31 December 2014 |
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At 31 December 2013 |
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3. | CREDITORS |
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Creditors include an amount of €
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.14 | 31.12.13 |
value: | € | € |
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Ordinary | £1 |
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5. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by the director, Mr A Mendelsohn and the company secretary, Mrs R |
Mendelsohn. |