STRAIT PROPERTY LTD - Abbreviated accounts

Registered number

08728117

STRAIT PROPERTY LTD

Abbreviated Accounts

31 December 2015

STRAIT PROPERTY LTD
Registered number:		08728117
Abbreviated Balance Sheet
as at 31 December 2015

Notes			2015			2014
£				£
Current assets
Stocks		-			106,740
Earl Shilton Building Society		26,000			-
Cash at bank and in hand		271			1,804
		26,271			108,544

Creditors: amounts falling due within one year		(6,486)			(110,882)

Net current assets/(liabilities)			19,785			(2,338)

Net assets/(liabilities)			19,785			(2,338)

Capital and reserves
Called up share capital	2		100			100
Profit and loss account			19,685			(2,438)

Shareholders' funds			19,785			(2,338)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



P A Fletcher
Director
Approved by the board on 8 June 2016

STRAIT PROPERTY LTD
Notes to the Abbreviated Accounts
for the year ended 31 December 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line
	Motor vehicles			25% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		100		-