Abbreviated Company Accounts - ANCROFT PROPERTIES LIMITED

ANCROFT PROPERTIES LIMITED - Company Information

Registered Number 02320884

ANCROFT PROPERTIES LIMITED

Abbreviated Accounts

31 March 2015

ANCROFT PROPERTIES LIMITED Registered Number 02320884

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	90,000	90,000
		90,000	90,000
Current assets
Debtors		-	500
Cash at bank and in hand		148,818	51,528
		148,818	52,028
Creditors: amounts falling due within one year		(184,428)	(90,129)
Net current assets (liabilities)		(35,610)	(38,101)
Total assets less current liabilities		54,390	51,899
Total net assets (liabilities)		54,390	51,899
Capital and reserves
Called up share capital		100	100
Share premium account		46,298	46,298
Profit and loss account		7,992	5,501
Shareholders' funds		54,390	51,899

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 14 December 2015

And signed on their behalf by:
Mr K J Whiting, Director

ANCROFT PROPERTIES LIMITED Registered Number 02320884

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 January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Valuation information and policy
"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 Schedule 4 to 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."

2Tangible fixed assets

	£
Cost
At 1 April 2014	90,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	90,000
Depreciation
At 1 April 2014	-
Charge for the year	-
On disposals	-
At 31 March 2015	-
Net book values
At 31 March 2015	90,000
At 31 March 2014	90,000