Abbreviated Company Accounts - HARTLEPOOL REVIVAL LIMITED
Abbreviated Company Accounts - HARTLEPOOL REVIVAL LIMITED
Registered Number 04835498
HARTLEPOOL REVIVAL LIMITED
Abbreviated Accounts
31 March 2015
HARTLEPOOL REVIVAL LIMITED Registered Number 04835498
Abbreviated Balance Sheet as at 31 March 2015
| Notes | 2015 | 2014 | |
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| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 3 |
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| Current assets | |||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
( |
( |
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| Net current assets (liabilities) |
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| Total assets less current liabilities |
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| Creditors: amounts falling due after more than one year |
( |
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| Total net assets (liabilities) |
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| Reserves | |||
| Revaluation reserve |
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| Income and expenditure account |
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| Members' funds |
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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
And signed on their behalf by:
HARTLEPOOL REVIVAL LIMITED Registered Number 04835498
Notes to the Abbreviated Accounts for the period ended 31 March 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Other accounting policies
All fixed assets are initially recorded at cost.
Investment Properties
Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of the financial instruments are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
2Company limited by guarantee
3Tangible fixed assets
| £ | |
|---|---|
| Cost | |
| At 1 April 2014 |
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| Additions |
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| Disposals |
( |
| Revaluations |
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| Transfers |
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| At 31 March 2015 |
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| Depreciation | |
| At 1 April 2014 |
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| Charge for the year |
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| On disposals |
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| At 31 March 2015 |
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| Net book values | |
| At 31 March 2015 | 1,789,000 |
| At 31 March 2014 | 902,351 |
4Debtors
| 2015
£ |
2014
£ |
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|---|---|---|
| Debtors include the following amounts due after more than one year |
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