Abbreviated Company Accounts - ORBIT PROPERTY INVESTMENTS LIMITED

ORBIT PROPERTY INVESTMENTS LIMITED - Company Information

08233552 ORBIT PROPERTY INVESTMENTS LIMITED 2014-08-31 false 2013-09-01 2014-08-31 true 08233552 2013-09-01 2014-08-31 08233552 2014-08-31 08233552 2013-08-31 08233552 uk-gaap-cd-bus:Director1 2013-09-01 2014-08-31 08233552 uk-gaap-cd-bus:Director2 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-31 iso4217:GBP shares

Registered Number 08233552

ORBIT PROPERTY INVESTMENTS LIMITED

Abbreviated Accounts

31 August 2014

ORBIT PROPERTY INVESTMENTS LIMITED Registered Number 08233552

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,173,152	1,175,174
		1,173,152	1,175,174
Current assets
Debtors		13,673	17,994
Cash at bank and in hand		18,904	122,964
		32,577	140,958
Creditors: amounts falling due within one year		(559,103)	(543,971)
Net current assets (liabilities)		(526,526)	(403,013)
Total assets less current liabilities		646,626	772,161
Creditors: amounts falling due after more than one year		(725,056)	(766,944)
Total net assets (liabilities)		(78,430)	5,217
Capital and reserves
Called up share capital	3	10,000	10,000
Profit and loss account		(88,430)	(4,783)
Shareholders' funds		(78,430)	5,217

For the year ending 31 August 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 May 2015

And signed on their behalf by:
Mr B Shah, Director

ORBIT PROPERTY INVESTMENTS LIMITED Registered Number 08233552

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for rental income net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life,as follows:

Fixtures,fittings & equipment - 3 years straight line

2Tangible fixed assets

	£
Cost
At 1 September 2013	1,175,343
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	1,175,343
Depreciation
At 1 September 2013	169
Charge for the year	2,022
On disposals	-
At 31 August 2014	2,191
Net book values
At 31 August 2014	1,173,152
At 31 August 2013	1,175,174

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary share of £10,000 each	10,000	10,000