Accounts filed on 30-11-2014
Accounts filed on 30-11-2014
trueOld Apple Property Ltd073007242014-11-30203521733139049602810010018597-11403390496028390496028-506721-509905512224519733550398282588219529157633545770515933545770515933Basis 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 April 2008).
Investment properties
Investment properties are included in the accounts at their open market value. No depreciation is provided.Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Fixtures & Fittingson a reducing balance basis0.25005465565164619530000786528258No depreciation is provided in respect of the investment property. In view of the fact that the property needs to continue to attract tenants to maintain the rental income, it is likely that sufficient improvements will be carried out to maintain its value. It is likely therefore that the residual value of the property at the end of its estimated useful life will be at least equal to its cost.
The property was valued as at 30th November by the directors. If it were sold at this value, then tax of £3800 would be payable.
5465565164619530000786528258
No depreciation is provided in respect of the investment property. In view of the fact that the property needs to continue to attract tenants to maintain the rental income, it is likely that sufficient improvements will be carried out to maintain its value. It is likely therefore that the residual value of the property at the end of its estimated useful life will be at least equal to its cost.
The property was valued as at 30th November by the directors. If it were sold at this value, then tax of £3800 would be payable.
Ordinary A5015050Ordinary B5015050Ordinary A1505050Ordinary B15050502015-03-03PJV TrimmerMrs SM TrimmerDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureOld Apple Property Ltd2013-12-012014-11-30Old Apple Property Ltd2012-12-012013-11-30Old Apple Property Ltd2012-11-30Old Apple Property Ltd2013-11-30Old Apple Property Ltd2013-11-30Old Apple Property Ltd2014-11-30 2015-03-10
