Dent Car Park Limited
|
Registered number: |
07332274
|
Abbreviated Balance Sheet |
as at 31 August 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
1,464,704 |
|
|
750,000 |
|
Current assets |
Debtors |
|
|
9,756 |
|
|
285 |
Cash at bank and in hand |
|
|
1,493 |
|
|
1,152 |
|
|
|
11,249 |
|
|
1,437 |
|
Creditors: amounts falling due within one year |
|
|
(812,362) |
|
|
(100,172) |
|
Net current liabilities |
|
|
|
(801,113) |
|
|
(98,735) |
|
Net assets |
|
|
|
663,591 |
|
|
651,265 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
2 |
|
|
2 |
Revaluation reserve |
|
|
|
614,081 |
|
|
614,081 |
Profit and loss account |
|
|
|
49,508 |
|
|
37,182 |
|
Shareholders' funds |
|
|
|
663,591 |
|
|
651,265 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
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.
|
|
|
|
D Gratton |
Director |
Approved by the board on 11 March 2016
|
|
Dent Car Park 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 is comprised of rents receivable from the letting of property owned by the company and associated charges.
|
|
|
Fixed assets |
|
Fixed assets represents freehold investment properties owned by the company. These properties are recognised at a valuation which is reviewed annually with the surplus over original cost credited to the investment revaluation reserve. Whilst surpluses remain unrealised, this treatment does not result in any taxation impact upon the company. This treatment, which is required in order to comply with accounting standards and to better reflect the underlying economic reality, represents a departure from the requirements for annual depreciation laid down by the Companies Acts. The impact of the departure in respect of depreciation upon the balance sheet or profit and loss account has not been quantified as that calculation is not regarded as practicable.
|
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 September 2014 |
750,000 |
|
Additions |
714,704 |
|
At 31 August 2015 |
1,464,704 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 August 2015 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2015 |
1,464,704 |
|
At 31 August 2014 |
750,000 |
|
|
|
|
|
|
|
|
3 |
Loans |
2015 |
|
2014 |
£ |
£ |
|
Creditors include: |
|
Secured bank loans |
339,000 |
|
72,100 |
|
|
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|