Company Registration No. 06981743 (England and Wales)
STRATHMORE COURT PROPERTIES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
STRATHMORE COURT PROPERTIES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
STRATHMORE COURT PROPERTIES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
107,429
107,429
Current assets
Debtors
4,560
3,977
Creditors: amounts falling due within one year
(467)
(436)
Net current assets
4,093
3,541
Total assets less current liabilities
111,522
110,970
Creditors: amounts falling due after more than one year
3
(107,429)
(107,429)
4,093
3,541
Capital and reserves
Called up share capital
4
20
20
Profit and loss account
4,073
3,521
Shareholders' funds
4,093
3,541
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 3 March 2016
J J Nokes
Director
Company Registration No. 06981743
STRATHMORE COURT PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
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).
1.3
Turnover
Turnover represents amounts receivable for ground rent and other income.
1.4
Tangible fixed assets and depreciation
The freehold interest in the property is stated at cost. The directors are of the opinion that the freehold should not be depreciated on the basis that the useful economic life exceeds fifty years. Although this accounting policy is in line with the Financial Reporting Standard for Smaller Entities (effective January 2015 ) it is a departure from the general requirement for all tangible assets to be depreciated. The directors assess annually the need to provide for any impairment in recoverability amount below cost.January 2015) it is a departure from the general requirement for all tangible assets to be depreciated. The directors assess annually the need to provide for any impairment in recoverability amount below cost.
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015 & at 31 December 2015
107,429
At 31 December 2014
107,429
3
Creditors: amounts falling due after more than one year
2015
2014
£
£
Analysis of loans repayable in more than five years
Total not repayable by instalments and due in more than five years
107,429
107,429
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid
20 Ordinary shares of £1 each
20
20
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