Abbreviated Company Accounts - SYNOVA CAPITAL GENERAL PARTNER 3 LIMITED

Abbreviated Company Accounts - SYNOVA CAPITAL GENERAL PARTNER 3 LIMITED


Registered Number SC356706

SYNOVA CAPITAL GENERAL PARTNER 3 LIMITED

Abbreviated Accounts

31 March 2014

SYNOVA CAPITAL GENERAL PARTNER 3 LIMITED Registered Number SC356706

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Current assets
Debtors 2 220,515 220,000
Cash at bank and in hand 21,100 22,993
241,615 242,993
Creditors: amounts falling due within one year (235,824) (232,734)
Net current assets (liabilities) 5,791 10,259
Total assets less current liabilities 5,791 10,259
Total net assets (liabilities) 5,791 10,259
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 5,691 10,159
Shareholders' funds 5,791 10,259
  • 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 24 December 2014

And signed on their behalf by:
Daniel Benjamin PARKER, Director

SYNOVA CAPITAL GENERAL PARTNER 3 LIMITED Registered Number SC356706

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

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of accounting
The financial statements have been prepared under the historical cost convention and on a going concern basis and in accordance with United Kingdom generally accepted accounting practices.
1.2 Related party transactions
The company has taken advantage of the exemption in FRS 8 that disclosure of transactions or balances between group entities that eliminate on consolidation need not be disclosed.
1.3 Deferred taxation
Deferred tax is provided for on a full provision basis on all timing differences, which have arisen but not reversed at the balance sheet date. No timing differences are recognised in respect of gains on sale of assets where those gains have been rolled over into replacement assets. A deferred tax asset is not recognised to the extent that the transfer of economic benefit in future is uncertain. Any assets and liabilities recognised have not been discounted.

Turnover policy
Turnover, which excludes value added tax, represents management fees receivable and is recognised as the services are performed, in accordance with the underlying contractual arrangements.

2Debtors
2014
£
2013
£
Debtors include the following amounts due after more than one year 220,515 220,000
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100