Abbreviated Company Accounts - TSP INVESTMENTS LIMITED

TSP INVESTMENTS LIMITED - Company Information

Registered Number 08984990

TSP INVESTMENTS LIMITED

Abbreviated Accounts

30 April 2015

TSP INVESTMENTS LIMITED Registered Number 08984990

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015
		£
Fixed assets
Tangible assets	2	235,947
		235,947
Current assets
Cash at bank and in hand		15,600
		15,600
Creditors: amounts falling due within one year		(4,387)
Net current assets (liabilities)		11,213
Total assets less current liabilities		247,160
Creditors: amounts falling due after more than one year		(233,000)
Total net assets (liabilities)		14,160
Capital and reserves
Called up share capital		5,000
Profit and loss account		9,160
Shareholders' funds		14,160

For the year ending 30 April 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 30 December 2015

And signed on their behalf by:
MR T PATEL, Director

TSP INVESTMENTS LIMITED Registered Number 08984990

Notes to the Abbreviated Accounts for the period ended 30 April 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
The turnover comprises of rental income received during the period.

Tangible assets depreciation policy
Depreciation
Depreciation is charged on a reducing balance basis on fixed assets except for Investment Freehold Property. It is the opinion of the directors that the market value of investment freehold property is in excess of the cost value. It is not practical to quantify the depreciation which otherwise would have been charged.
Asset class Depreciation method and rate
Investment freehold property 0% - N/A
Investment properties
Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows:
No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, 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 treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

2Tangible fixed assets

	£
Cost
Additions	235,947
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	235,947
Depreciation
Charge for the year	-
On disposals	-
At 30 April 2015	-
Net book values
At 30 April 2015	235,947