Company Registration No. 03304860 (England and Wales)
STRAWBERRY PLACE NEWCASTLE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JULY 2015
STRAWBERRY PLACE NEWCASTLE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
STRAWBERRY PLACE NEWCASTLE LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
2,500,000
Current assets
Stocks
2,595,202
-
Debtors
342,977
383,009
2,938,179
383,009
Creditors: amounts falling due within one year
(2,608,153)
(2,596,251)
Net current assets/(liabilities)
330,026
(2,213,242)
Total assets less current liabilities
330,026
286,758
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
330,024
286,756
Shareholders' funds
330,026
286,758
For the financial period ended 30 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges his 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 21 July 2016
M Murray
Director
Company Registration No. 03304860
STRAWBERRY PLACE NEWCASTLE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 JULY 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 April 2008).
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 rent receivable in respect of freehold land.rent receivable in respect of freehold land.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets include investment properties professionally valued by Chartered Surveyors on an existing use open market value basis. Other tangible fixed assets other than freehold land are stated at cost less depreciation.
Freehold land
Not depreciated
1.5
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2014
2,500,000
Disposals
(2,500,000)
At 30 July 2015
At 31 July 2014
2,500,000
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary A of £1 each
2
2
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