Abbreviated Company Accounts - SOMERVILLE LETTINGS LIMITED

SOMERVILLE LETTINGS LIMITED - Company Information

SC261017 SOMERVILLE LETTINGS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true SC261017 2015-04-01 2016-03-31 SC261017 2016-03-31 SC261017 2015-03-31 SC261017 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 SC261017 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number SC261017

SOMERVILLE LETTINGS LIMITED

Abbreviated Accounts

31 March 2016

SOMERVILLE LETTINGS LIMITED Registered Number SC261017

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	-	150,150
		-	150,150
Current assets
Debtors		-	410
Cash at bank and in hand		2,227	6,107
		2,227	6,517
Creditors: amounts falling due within one year	3	(1,776)	(44,942)
Net current assets (liabilities)		451	(38,425)
Total assets less current liabilities		451	111,725
Creditors: amounts falling due after more than one year	3	-	(87,907)
Total net assets (liabilities)		451	23,818
Capital and reserves
Called up share capital	4	99	99
Revaluation reserve		0	20
Profit and loss account		352	23,699
Shareholders' funds		451	23,818

For the year ending 31 March 2016 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 14 April 2016

And signed on their behalf by:
Mr J Somerville, Director

SOMERVILLE LETTINGS LIMITED Registered Number SC261017

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value of rents received during the year on the residential investment properties.

Other accounting policies
Fixed assets

All fixed assets are initially recorded at cost.
Investment properties
In the opinion of the directors, it is not appropriate to charge depreciation on the residential investment properties held by the company. The investment properties are subject to annual re-valuations and the carrying value per the accounts reflects the market value of the properties at the year-end.

2Tangible fixed assets

	£
Cost
At 1 April 2015	150,150
Additions	-
Disposals	(150,150)
Revaluations	-
Transfers	-
At 31 March 2016	0
Depreciation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	0
At 31 March 2015	150,150

3Creditors

	2016 £	2015 £
Secured Debts	0	2,339
Instalment debts due after 5 years	-	87,907

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
99 Ordinary shares of £1 each	99	99