TGB Enterprises Ltd - Period Ending 2015-09-30

Registration number: 03304989

TGB Enterprises Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

TGB Enterprises Ltd
Contents

Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

TGB Enterprises Ltd
(Registration number: 03304989)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					513,500			513,500
Current assets
Debtors					663			609
Cash at bank and in hand					46,822			18,444
					47,485			19,053
Creditors: Amounts falling due within one year					(61,803)			(55,846)
Net current liabilities					(14,318)			(36,793)
Net assets					499,182			476,707
Capital and reserves
Called up share capital		3			100			100
Revaluation reserve					238,699			238,699
Profit and loss account					260,383			237,908
Shareholders' funds					499,182			476,707

For the year ending 30 September 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 director acknowledges her 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 director on 1 April 2016

A Culley Director

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TGB Enterprises Ltd
Notes to the Abbreviated Accounts
For the Year Ended 30 September 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts receivable for rent and licences in the year.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer	20% straight line

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.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

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TGB Enterprises Ltd
Notes to the Abbreviated Accounts
For the Year Ended 30 September 2015

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2014		514,665			514,665
At 30 September 2015		514,665			514,665
Depreciation
At 1 October 2014		1,165			1,165
At 30 September 2015		1,165			1,165
Net book value
At 30 September 2015		513,500			513,500
At 30 September 2014		513,500			513,500

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
100 Ordinary shares of £1 each		100			100			100			100

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