Abbreviated Company Accounts - COWEN INVESTMENTS LIMITED

COWEN INVESTMENTS LIMITED - Company Information

Registered Number 08346710

COWEN INVESTMENTS LIMITED

Abbreviated Accounts

31 December 2015

COWEN INVESTMENTS LIMITED Registered Number 08346710

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	521,675	524,588
		521,675	524,588
Current assets
Cash at bank and in hand		37,051	7,105
		37,051	7,105
Creditors: amounts falling due within one year		(98,449)	(151,717)
Net current assets (liabilities)		(61,398)	(144,612)
Total assets less current liabilities		460,277	379,976
Creditors: amounts falling due after more than one year		(460,000)	(390,000)
Total net assets (liabilities)		277	(10,024)
Capital and reserves
Called up share capital		100	100
Profit and loss account		177	(10,124)
Shareholders' funds		277	(10,024)

For the year ending 31 December 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 12 April 2016

And signed on their behalf by:
JE Cowen, Director

COWEN INVESTMENTS LIMITED Registered Number 08346710

Notes to the Abbreviated Accounts for the period ended 31 December 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
Turnover comprises of rental income, consultancy fees, building fees, reimbursement of property insurance

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less estimated residual value, over their expected useful lives on the following bases:
Motor vehicles 25% per annum reducing balance basis
Computer equipment 25 % per annum reducing balance basis

Valuation information and policy
Investment properties
In accordance with the Financial Reporting Standard for Smaller Entities, certain of the company's properties are held for long-term investment and are included in the Balance Sheet at their open market values. The surplus(es) or deficit(s) on/annual/revaluation of such properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of freehold investment properties. Leasehold investment properties are not amortised where the unexpired term is over twenty years. This policy is a departure from the requirements of the Companies Act 2006 which require all properties to be depreciated. Such properties are not held for consumption but for investment and the directors consider that to depreciate them would not give a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 January 2015	529,702
Additions	874
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	530,576
Depreciation
At 1 January 2015	5,114
Charge for the year	3,787
On disposals	-
At 31 December 2015	8,901
Net book values
At 31 December 2015	521,675
At 31 December 2014	524,588