Abbreviated Company Accounts - DAM INVESTMENTS LIMITED

DAM INVESTMENTS LIMITED - Company Information

04184180 DAM INVESTMENTS LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 04184180 2013-01-01 2013-12-31 04184180 2013-12-31 04184180 2012-12-31 04184180 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 04184180 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 04184180

DAM INVESTMENTS LIMITED

Abbreviated Accounts

31 December 2013

DAM INVESTMENTS LIMITED Registered Number 04184180

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Called up share capital not paid		-	-
Fixed assets
Investments	2	257,198	71,396
		257,198	71,396
Current assets
Debtors		2,140	948
Cash at bank and in hand		164,538	-
		166,678	948
Creditors: amounts falling due within one year		(135,892)	(72,947)
Net current assets (liabilities)		30,786	(71,999)
Total assets less current liabilities		287,984	(603)
Total net assets (liabilities)		287,984	(603)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		287,982	(605)
Shareholders' funds		287,984	(603)

For the year ending 31 December 2013 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 19 September 2014

And signed on their behalf by:
Colin Sandy, Director

DAM INVESTMENTS LIMITED Registered Number 04184180

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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.

Other accounting policies
Going concern
The directors have a reasonable expectation that the Company has adequate resources to meet its future liabilities and continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the report and financial statements.

2Fixed assets Investments
In accordance with SSAP 19, investment properties are revalued annually to open market value and the aggregate surplus net of any tax effect or deficit is transferred to/from revaluation reserve. Any impairment believed to be permanent is written off to the profit and loss account in the year in which it arises. No depreciation is provided in respect of investment properties.
The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principles set out in SSAP 19. The directors consider that, as these properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view, and that it is necessary to adopt SSAP 19 in order to give a true and fair view.
If this departure from the Act had not been made, the profit for the financial year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified because depreciation 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.

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
2 Ordinary shares of £1 each	2	2