ACCOUNTS - Final Accounts preparation


02600067 SUREINCOME LIMITED 2014-04-01 2015-03-31 false true 2015-03-31 02600067 2014-04-01 2015-03-31 02600067 2015-03-31 02600067 2014-03-31 02600067 c:OrdinaryShareClass1 2015-03-31 02600067 c:OrdinaryShareClass1 2014-03-31 02600067 c:OrdinaryShareClass1 2014-04-01 2015-03-31 02600067 c:Director1 2014-04-01 2015-03-31 02600067 d:InvestmentProperties 2014-03-31 02600067 d:InvestmentProperties 2015-03-31 xbrli:shares iso4217:GBP
Registered number: 02600067














SUREINCOME LIMITED




UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015



img7de2.jpg

 
SUREINCOME LIMITED
REGISTERED NUMBER: 02600067

ABBREVIATED BALANCE SHEET
AS AT 31 MARCH 2015

2015
2014
Note
£
£
£
£
 
FIXED ASSETS





 
Investment property
2
350,449
350,449
 
CURRENT ASSETS





 
Debtors
97,470
70,483

 
Cash at bank

6,635
116,048







 
104,105
186,531
 
CREDITORS: amounts falling due within one year
(60,770)
(191,010)
 
NET CURRENT ASSETS/(LIABILITIES)


43,335

(4,479)
 
TOTAL ASSETS LESS CURRENT LIABILITIES
393,784
345,970
 
CREDITORS: amounts falling due after more than one year
3
(207,408)

(194,516)

NET ASSETS




 186,376


 151,454
  
CAPITAL AND RESERVES

 
Called up share capital
4
2
2
 
Revaluation reserve
28,752
28,752
 
Profit and loss account
157,622
122,700
 
SHAREHOLDERS' FUNDS
 

 186,376

 151,454

Page 1

 
SUREINCOME LIMITED
 
    
ABBREVIATED BALANCE SHEET (continued)
AS AT 31 MARCH 2015

The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


The abbreviated accounts, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 23 December 2015.





................................................
T J Wood
Director

Page 2

 
SUREINCOME LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements


The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention as modified by the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.3
Investment properties

Investment properties are included in the Balance Sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the director, necessary in order to give a true and fair view of the financial position of the company.


2.INVESTMENT PROPERTY



£


Valuation



At 1 April 2014 and 31 March 2015

 350,449


Comprising


Cost
321,697


Annual revaluation surplus/(deficit):

2007
50,020

2008
(21,268)


At 31 March 2015

 350,449

The 2015 valuations were made by the director, on an open market value for existing use basis.


3.CREDITORS:
Amounts falling due after more than one year
Enter text here - user input


4.SHARE CAPITAL
        2015
        2014
        £

        £

Allotted, called up and fully paid



2 Ordinary shares of £1 each
 2
 2
Page 3

 
SUREINCOME LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015

4.SHARE CAPITAL (continued)


Page 4