Abbreviated Company Accounts - MARK ROWLANDS (WAKEFIELD) LIMITED

MARK ROWLANDS (WAKEFIELD) LIMITED - Company Information

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Registered Number 00538875

MARK ROWLANDS (WAKEFIELD) LIMITED

Abbreviated Accounts

28 February 2014

MARK ROWLANDS (WAKEFIELD) LIMITED Registered Number 00538875

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Investments	2	420,000	420,000
		420,000	420,000
Current assets
Cash at bank and in hand		86,057	79,583
		86,057	79,583
Creditors: amounts falling due within one year		(66,802)	(76,846)
Net current assets (liabilities)		19,255	2,737
Total assets less current liabilities		439,255	422,737
Total net assets (liabilities)		439,255	422,737
Capital and reserves
Called up share capital	3	100	100
Revaluation reserve		401,836	401,836
Profit and loss account		37,319	20,801
Shareholders' funds		439,255	422,737

For the year ending 28 February 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 26 November 2014

And signed on their behalf by:
Michelle Clair Rose, Director

MARK ROWLANDS (WAKEFIELD) LIMITED Registered Number 00538875

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention as modified by the revaluation of investments property and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Other accounting policies
Investment properties

Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

2Fixed assets Investments
INVESTMENT PROPERTY

Valuation
At 1 March 2013 and 28 February 2014 - £420,000

The 2014 valuations were made by the directors, on an open market value for existing use basis.

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
8 A Ordinary shares of £1 each	8	8
34 B Ordinary shares of £1 each	34	34
58 C Ordinary shares of £1 each	58	58