Abbreviated Company Accounts - HERITAGE PROPERTY DEVELOPMENT LIMITED

HERITAGE PROPERTY DEVELOPMENT LIMITED - Company Information

Registered Number 06116322

HERITAGE PROPERTY DEVELOPMENT LIMITED

Abbreviated Accounts

28 February 2015

HERITAGE PROPERTY DEVELOPMENT LIMITED Registered Number 06116322

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	26,951	24,764
Investments	3	420,070	420,070
		447,021	444,834
Current assets
Cash at bank and in hand		2,145	610
		2,145	610
Creditors: amounts falling due within one year		(63,025)	(59,365)
Net current assets (liabilities)		(60,880)	(58,755)
Total assets less current liabilities		386,141	386,079
Creditors: amounts falling due after more than one year		(362,007)	(362,007)
Total net assets (liabilities)		24,134	24,072
Capital and reserves
Called up share capital		10,000	10,000
Profit and loss account		14,134	14,072
Shareholders' funds		24,134	24,072

For the year ending 28 February 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 28 November 2015

And signed on their behalf by:
Dr Arye Lev Etingen, Director

HERITAGE PROPERTY DEVELOPMENT LIMITED Registered Number 06116322

Notes to the Abbreviated Accounts for the period ended 28 February 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.

Turnover policy
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of services supplied during the period, exclusive of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Plant and machinery - 20% Reducing Balance
Fixtures and Fittings - 20% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 March 2014	56,220
Additions	8,400
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	64,620
Depreciation
At 1 March 2014	31,456
Charge for the year	6,213
On disposals	-
At 28 February 2015	37,669
Net book values
At 28 February 2015	26,951
At 28 February 2014	24,764

3Fixed assets Investments
investment property