Abbreviated Company Accounts - SMT PROPERTIES LIMITED

Abbreviated Company Accounts - SMT PROPERTIES LIMITED


Registered Number SC253762

SMT PROPERTIES LIMITED

Abbreviated Accounts

31 May 2015

SMT PROPERTIES LIMITED Registered Number SC253762

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 152,627 -
152,627 -
Current assets
Debtors - 15,608
Cash at bank and in hand 305 91,130
305 106,738
Creditors: amounts falling due within one year (49,305) (1,274)
Net current assets (liabilities) (49,000) 105,464
Total assets less current liabilities 103,627 105,464
Total net assets (liabilities) 103,627 105,464
Capital and reserves
Called up share capital 3 105 105
Profit and loss account 103,522 105,359
Shareholders' funds 103,627 105,464
  • For the year ending 31 May 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 29 February 2016

And signed on their behalf by:
Mr R Smith, Director

SMT PROPERTIES LIMITED Registered Number SC253762

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Other accounting policies
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Tangible fixed assets
£
Cost
At 1 June 2014 -
Additions 152,627
Disposals -
Revaluations -
Transfers -
At 31 May 2015 152,627
Depreciation
At 1 June 2014 -
Charge for the year -
On disposals -
At 31 May 2015 -
Net book values
At 31 May 2015 152,627
At 31 May 2014 -
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
105Ordinary shares of £1 each 105 105