Abbreviated Company Accounts - ANCROFT PROPERTIES LIMITED

ANCROFT PROPERTIES LIMITED - Company Information

Registered Number 02320884

ANCROFT PROPERTIES LIMITED

Abbreviated Accounts

31 March 2014

ANCROFT PROPERTIES LIMITED Registered Number 02320884

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	90,000	135,000
		90,000	135,000
Current assets
Debtors		500	833
Cash at bank and in hand		51,528	55,541
		52,028	56,374
Creditors: amounts falling due within one year		(90,129)	(93,333)
Net current assets (liabilities)		(38,101)	(36,959)
Total assets less current liabilities		51,899	98,041
Creditors: amounts falling due after more than one year		-	(1,774)
Total net assets (liabilities)		51,899	96,267
Capital and reserves
Called up share capital		100	100
Share premium account		46,298	46,298
Profit and loss account		5,501	49,869
Shareholders' funds		51,899	96,267

For the year ending 31 March 2014 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 22 October 2014

And signed on their behalf by:
Mr J B Whiting, Director

ANCROFT PROPERTIES LIMITED Registered Number 02320884

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
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.

Valuation information and policy
Investment properties are shown at their open market value. The surplus or deficit arising from
the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its
reversal, on an individual investment property is expected to be permanent, in which case it is
recognised in the profit and loss account for the year.

This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April
2008) which, unlike Schedule 4 to the Companies Act 2006, does not require depreciation of
investment properties. Investment properties are held for their investment potential and not for
use by the company and so their current value is of prime importance. The departure from the
provisions of the Act is required in order to give a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 April 2013	135,000
Additions	-
Disposals	-
Revaluations	(45,000)
Transfers	-
At 31 March 2014	90,000
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	90,000
At 31 March 2013	135,000

The investment property was revalued by the director as of 31 March 2014 on the basis of open market value.