Abbreviated Company Accounts - DEEPWELL PROPERTIES LIMITED

DEEPWELL PROPERTIES LIMITED - Company Information

03008978 DEEPWELL PROPERTIES LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 03008978 2015-07-01 2016-06-30 03008978 2016-06-30 03008978 2015-06-30 03008978 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 03008978 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 03008978

DEEPWELL PROPERTIES LIMITED

Abbreviated Accounts

30 June 2016

DEEPWELL PROPERTIES LIMITED Registered Number 03008978

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Current assets
Stocks		1,658,188	1,735,117
Debtors		101,583	12,389
Cash at bank and in hand		9,601	92,766
		1,769,372	1,840,272
Creditors: amounts falling due within one year		(728,049)	(849,784)
Net current assets (liabilities)		1,041,323	990,488
Total assets less current liabilities		1,041,323	990,488
Total net assets (liabilities)		1,041,323	990,488
Capital and reserves
Called up share capital	2	1,250,000	1,250,000
Profit and loss account		(208,677)	(259,512)
Shareholders' funds		1,041,323	990,488

For the year ending 30 June 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 March 2017

And signed on their behalf by:
P D H Redburn, Director

DEEPWELL PROPERTIES LIMITED Registered Number 03008978

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

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

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Other accounting policies
Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,250,000 Ordinary shares of £1 each	1,250,000	1,250,000