HAVENRIGHT_LIMITED - Accounts
HAVENRIGHT_LIMITED - Accounts
Company Registration No. 04254039 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Creditors: amounts falling due within one year
(13,367 )
(14,781 )
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
3
(543,818 )
(543,707 )
437,910
404,331
Capital and reserves
Called up share capital
4
Revaluation reserve
Profit and loss account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 11 August 2016
Director
Company Registration No. 04254039
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The company has made a profit for the year ended 30 June 2015 and it is anticipated to continue to make profit in the coming twelve months, therefore the directors have chosen to prepare these accounts on a going concern basis. The director is the company's main debtor.
1.2
Turnover
1.3
Tangible fixed assets and depreciation
Fixtures, fittings & equipment
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is 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 of this which might otherwise have been charged cannot be separately identified or quantified.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is 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 of this which might otherwise have been charged cannot be separately identified or quantified.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 July 2014
677,486
Revaluation
20,000
At 30 June 2015
697,486
Depreciation
At 1 July 2014
2,023
Charge for the year
187
At 30 June 2015
2,210
Net book value
At 30 June 2015
695,276
At 30 June 2014
675,463
3
Creditors: amounts falling due after more than one year
2015
2014
£
£
Analysis of loans repayable in more than five years
Total not repayable by instalments and due in more than five years
(543,818)
(543,707)
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid