Abbreviated Company Accounts - TREEGROVE PROPERTIES LIMITED

Abbreviated Company Accounts - TREEGROVE PROPERTIES LIMITED

TREEGROVE PROPERTIES LIMITED - Company Information

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Registered Number NI038405

TREEGROVE PROPERTIES LIMITED

Abbreviated Accounts

30 April 2014

TREEGROVE PROPERTIES LIMITED Registered Number NI038405

Abbreviated Balance Sheet as at 30 April 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 104,665 104,665
104,665 104,665
Current assets
Stocks 194,117 494,117
Debtors 49 559
Cash at bank and in hand 1,112 28,024
195,278 522,700
Creditors: amounts falling due within one year 3 (56,603) (254,353)
Net current assets (liabilities) 138,675 268,347
Total assets less current liabilities 243,340 373,012
Creditors: amounts falling due after more than one year 3 (71,585) (75,472)
Total net assets (liabilities) 171,755 297,540
Capital and reserves
Called up share capital 4 1 1
Profit and loss account 171,754 297,539
Shareholders' funds 171,755 297,540
  • For the year ending 30 April 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 28 January 2015

And signed on their behalf by:
John Andrew Leonard, Director

TREEGROVE PROPERTIES LIMITED Registered Number NI038405

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared on a going concern basis under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)

Tangible assets depreciation policy
Investment properties are revalued annually at their open market value in accordance with FRSSE (effective April 2008). The surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit reduces the property below it's historical cost, in which case it is taken to the profit and loss account. No depreciation is provided on investment properties which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors these properties are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. The provisions of the FRSSE (effective April 2008) in respect of investment properties have therefore been adopted in order to give a true and fair view. If this departure from the Act had not been made, the profit for the year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified and the amount which might otherwise have been shown cannot be separately identified or quantified.

Other accounting policies
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.

2Tangible fixed assets
£
Cost
At 1 May 2013 104,665
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2014 104,665
Depreciation
At 1 May 2013 0
Charge for the year 0
On disposals 0
At 30 April 2014 0
Net book values
At 30 April 2014 104,665
At 30 April 2013 104,665
3Creditors
2014
£		 2013
£
Secured Debts 71,585 173,372
4Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
1 Ordinary shares of £1 each 1 1