Mabil Limited - Period Ending 2015-03-31
Mabil Limited - Period Ending 2015-03-31
Year Ended
Company Registration Number:
Mabil Limited
Contents
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Mabil Limited
31 March 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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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 |
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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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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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1
Mabil Limited
31 March 2015......... continued
Approved by the Board on
Mr W McWattie
Director
Company Registration Number: 07481521
2
Mabil Limited
Notes to the Abbreviated Accounts
Year Ended
31 March 2015
......... continued
Accounting policies |
Basis of preparation
Exemption from preparing group accounts
Depreciation
In accordance with FRS15, freehold properties are included in the financial statements at their open market values, by an external expert on a five yearly basis. When the value of the property is revalued above cost the aggregate surplus or deficit on revaluation is transferred to revaluation reserve. When the value of a property is revalued below cost, and this is considered to be a permanent diminution in value, the difference is charged to the profit and loss account.
No depreciation is provided on the company's property interest because, based on their current condition, their useful economic lives are so long and residual value is so high that any depreciation is immaterial. This departure from the requirement of the Companies Act 2006 for all properties to be depreciated, is, in the opinion of the directors, necessary for the financial statements to give a true and fair view.
Fixed asset investments
Stock
The property is held at a valuation, which in the opinion of the directors reflects its open market value.
Mabil Limited
Notes to the Abbreviated Accounts
Year Ended
31 March 2015
......... continued
Fixed assets |
Tangible assets
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Investments
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Total
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Cost |
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At 1 April 2014 |
1,599,035 |
90 |
1,599,125 |
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Disposals |
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(45) |
(45) |
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At 31 March 2015 |
1,599,035 |
45 |
1,599,080 |
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Depreciation |
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At 31 March 2015 |
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Net book value |
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At 31 March 2015 |
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At 31 March 2014 |
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Details of undertakings |
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Country of incorporation |
Holding |
Proportion of voting rights and shares held |
Principal activity |
Subsidiary undertakings |
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England and Wales |
Ordinary |
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The profit for the financial period of S.W.P. Hydraulics Limited was £446,522 and the aggregate amount of capital and reserves at the end of the period was £194,477.
Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
Mabil Limited
Notes to the Abbreviated Accounts
Year Ended
31 March 2015
......... continued
2015
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2014
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Amounts falling due within one year |
18,000 |
18,000 |
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Amounts falling due after more than one year |
375,678 |
394,341 |
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Total secured creditors |
393,678 |
412,341 |
Included in the creditors are the following amounts due after more than five years:
2015
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2014
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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