Registration number:
for the Year Ended
Imperial Square Developments Limited
Contents
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Imperial Square Developments Limited
(Registration number: 01737529)
Abbreviated Balance Sheet
at 30 April 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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- |
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Cash at bank |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the director and authorised for issue on
J A Thompson
Director
Imperial Square Developments Limited
Notes to the Abbreviated Accounts
for the Year Ended 30 April 2016
Accounting policies |
Basis of preparation
Going concern
The company has net current liabilities of £30,503 (2015: £35,702). Financial support is being provided primarily by way of a loan from the director. The financial statements do not include any adjustments that would result from the withdrawal of financial support by the director as the director has stated that support will continue to be provided.
Should the company be unable to continue trading, adjustments would be necessary to write down assets to their recoverable amounts, provide for any further liabilities which may arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.
Turnover
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciations is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Financial instruments
Imperial Square Developments Limited
Notes to the Abbreviated Accounts
for the Year Ended 30 April 2016
Fixed assets |
Tangible assets
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Cost |
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At 1 May 2015 |
21,145 |
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At 30 April 2016 |
21,145 |
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Depreciation |
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At 1 May 2015 |
20,516 |
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Charge for the year |
94 |
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At 30 April 2016 |
20,610 |
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Net book value |
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At 30 April 2016 |
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At 30 April 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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