Abbreviated Company Accounts - DANVIEW PROPERTIES LIMITED

DANVIEW PROPERTIES LIMITED - Company Information

Registered Number 03024144

DANVIEW PROPERTIES LIMITED

Abbreviated Accounts

28 February 2015

DANVIEW PROPERTIES LIMITED Registered Number 03024144

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	570,000	570,000
		570,000	570,000
Current assets
Debtors		101,900	111,900
Cash at bank and in hand		26,916	3,957
		128,816	115,857
Creditors: amounts falling due within one year		(207,055)	(199,490)
Net current assets (liabilities)		(78,239)	(83,633)
Total assets less current liabilities		491,761	486,367
Total net assets (liabilities)		491,761	486,367
Capital and reserves
Called up share capital		2	2
Revaluation reserve		435,183	435,183
Profit and loss account		56,576	51,182
Shareholders' funds		491,761	486,367

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 29 November 2015

And signed on their behalf by:
Mr M Surkis, Director

DANVIEW PROPERTIES LIMITED Registered Number 03024144

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
Turnover represents rents and similar charges exclusive of VAT.

Other accounting policies
Investment properties are revalued annually and the aggregate surplus or deficit transferred to the revaluation reserve except where any deficit is deemed permanent when it is taken to the Profit and Loss Account. No provision is made for depreciation of investment properties. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view. The depreciation charge is only one of the factors reflected in the annual valuation and, therefore, the effect of the departure cannot be readily quantified. The directors consider that this policy results in the accounts giving a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 March 2014	570,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	570,000
Depreciation
At 1 March 2014	-
Charge for the year	-
On disposals	-
At 28 February 2015	-
Net book values
At 28 February 2015	570,000
At 28 February 2014	570,000