Somerville Investments Limited Produce iXBRL abbreviated or dormant small company accounts for eFiling

COMPANY REGISTRATION NUMBER 06313971

SOMERVILLE INVESTMENTS LIMITED

ABBREVIATED ACCOUNTS

31 March 2015

SABLE ACCOUNTING LIMITED

Accountants

77-91 New Oxford Street

London

UK

WC1A 1DG

SOMERVILLE INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET

31 March 2015

		2015		2014
Note		£	£	£
FIXED ASSETS	2
Tangible assets			-	394,414
			----	----------
			-	394,414
			----	----------

CURRENT ASSETS

Debtors	-		19,600
Cash at bank and in hand	-		1,814
	----		---------
	-		21,414
CREDITORS: Amounts falling due within one year	-		28,876
	----		---------
NET CURRENT LIABILITIES		-	( 7,462)
		----	----------
TOTAL ASSETS LESS CURRENT LIABILITIES		-	386,952

CREDITORS: Amounts falling due after more than one year	-	358,112
	----	----------
	-	28,840
	----	----------

CAPITAL AND RESERVES

Called-up equity share capital	3	4	4
Profit and loss account		( 4)	28,836
		----	---------
SHAREHOLDERS' FUNDS		-	28,840
		----	---------

For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 6 May 2015 , and are signed on their behalf by:

„„„„„„„„„„„„„„„„„„„„...

Mr J. Durrant

Director

Company Registration Number: 06313971

SOMERVILLE INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 MARCH 2015

1. ACCOUNTING POLICIES

Basis of accounting

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).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Lease Premium - 2%pa on cost / Leasehold Improvements - 10%pa on cost

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 April 2014	519,965
Disposals	(519,965)
	----------
At 31 March 2015	–
	----------

DEPRECIATION

At 1 April 2014	125,551
Charge for year	12,877
On disposals	(138,428)
	----------
At 31 March 2015	–
	----------

NET BOOK VALUE

At 31 March 2015	–
	----
At 31 March 2014	394,414
	----------

3. SHARE CAPITAL

Allotted, called up and fully paid:

	2015		2014
	No	£	No	£
Ordinary Shares shares of £ 1 each	4	4	4	4
	----	----	----	----
	4	4	4	4
	----	----	----	----