Next Step Properties Limited - Abbreviated accounts

NEXT STEP PROPERTIES LTD - Company Information

Registered number

05058133

Next Step Properties Limited

Abbreviated Accounts

31 March 2014

Next Step Properties Limited
Registered number:		05058133
Abbreviated Balance Sheet
as at 31 March 2014
	Notes		2014			2013
£				£
Fixed assets
Intangible assets			-			-
Tangible assets			-			-
Investments			-			-
			-			-

Current assets
Stocks		-			-
Debtors		-			979
Investments held as current assets		-			-
Cash at bank and in hand		-			112
		-			1,091

Creditors: amounts falling due within one year		-			(6,376)

Net current liabilities			-			(5,285)

Total assets less current liabilities			-			(5,285)

Creditors: amounts falling due after more than one year			(5,285)			-

Provisions for liabilities			-			-

Net liabilities			(5,285)			(5,285)

Capital and reserves
Called up share capital	1		1,000			1,000
Share premium			-			-
Revaluation reserve			(139,686)			(139,686)
Capital redemption reserve			-			-
Profit and loss account			133,401			133,401

Shareholder's funds			(5,285)			(5,285)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 480 of the Companies Act 2006 relating to dormant companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.


C Walvin
Director
Approved by the board on 30 November 2014

Next Step Properties Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2014

1	Accounting policies

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

	Turnover
	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.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance
	Motor vehicles			15% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company contributes to the state pension scheme and no additional premiums are paid on behalf of the directors and staff.
1	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		1,000		1,000
						1,000		1,000