Abbreviated Company Accounts - SOVEREIGN HOUSE RESIDENTS COMPANY LIMITED

SOVEREIGN HOUSE RESIDENTS COMPANY LIMITED - Company Information

Registered Number 02105147

SOVEREIGN HOUSE RESIDENTS COMPANY LIMITED

Abbreviated Accounts

31 March 2015

SOVEREIGN HOUSE RESIDENTS COMPANY LIMITED Registered Number 02105147

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	4,200	4,200
		4,200	4,200
Total assets less current liabilities		4,200	4,200
Total net assets (liabilities)		4,200	4,200
Capital and reserves
Called up share capital		12	12
Share premium account		349	349
Other reserves		3,839	3,839
Shareholders' funds		4,200	4,200

For the year ending 31 March 2015 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 16 October 2015

And signed on their behalf by:
Andrew Siavoshian, Director

SOVEREIGN HOUSE RESIDENTS COMPANY LIMITED Registered Number 02105147

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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.

Tangible assets depreciation policy
The Company owns the freehold of Sovereign House, which is stated in the Balance Sheet at cost. In accordance with the Financial Reporting Standards for Smaller Entities, no depreciation is provided in respect of this property. This represents a departure from Companies Act 2006 requirements concerning the depreciation of fixed assets. The directors consider that the adoption of this policy is necessary to give a true and fair view.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land and Buildings Nil%

Other accounting policies
It is assumed that in order to purchase the freehold property, Service Charge monies were used. To the extent that the lessees all contribute equally to the maintenance of the building the these monies can be considered as contributions from members.

2Tangible fixed assets

	£
Cost
At 1 April 2014	4,200
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	4,200
Depreciation
At 1 April 2014	-
Charge for the year	-
On disposals	-
At 31 March 2015	-
Net book values
At 31 March 2015	4,200
At 31 March 2014	4,200