Accounts filed on 31-07-2016
Accounts filed on 31-07-2016
trueCatford Properties Ltd086039962016-07-31-792412352-79231235311-792312353171255162441163332174794-457393-4389774604414437053048472830730727414421620725613771620725613771Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents rents and similar charges receivable.
Investment properties
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 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.Fixed Assets
All fixed assets are initially recorded at cost.
Fixtures & Fittingsreducing balance0.150062295361516177922228139083862295361516177922228139083801624410107992Ordinary1001100100Ordinary11112017-04-25A Lowtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureCatford Properties Ltd2015-08-012016-07-31Catford Properties Ltd2014-08-012015-07-31Catford Properties Ltd2014-07-31Catford Properties Ltd2015-07-31Catford Properties Ltd2015-07-31Catford Properties Ltd2016-07-31 2017-04-27
