Accounts filed on 28-02-2015

ISLAND PARK LIMITED - Company Information

trueISLAND PARK LIMITED050480572015-02-2894784136079947861360812294786136081947861360819303912843320144196411131831480742979936046833841120281747764817477648Basis 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 January 2015). Turnover The turnover shown in the profit and loss account represents the amounts invoiced during the year in respect of management and rental of commercial properties. Fixed Assets All fixed assets are initially recorded at cost. Financial Instruments Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.Plant & MachineryStraight Line0.2000Fixtures & FittingsStraight Line0.1000EquipmentStraight Line0.3300600416004158294523935901600416004158294523935901Ordinary1000110001000Ordinary1222During the year, R S and L M Webster charged the company £15,000 (2014 - £15,000) in respect of a licence together with £2,000 (2014 - £1,000) for Rates recharged as per the licence agreement. The transactions were carried out on an arms length basis under normal commercial terms. The company paid dividends of £56,000 (2014 - £56,000) to the directors during the year.2015-11-26L M Webstertruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureISLAND PARK LIMITED2014-03-012015-02-28ISLAND PARK LIMITED2013-03-012014-02-28ISLAND PARK LIMITED2013-02-28ISLAND PARK LIMITED2014-02-28ISLAND PARK LIMITED2014-02-28ISLAND PARK LIMITED2015-02-28 2015-11-27