Company Registration No. 02648642 (England and Wales)
ARKAIM DEVELOPMENT CO. LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
ARKAIM DEVELOPMENT CO. LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ARKAIM DEVELOPMENT CO. LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
737
746
Current assets
Debtors
-
1,100
Cash at bank and in hand
6,751
3,743
6,751
4,843
Creditors: amounts falling due within one year
(2,275)
(2,982)
Net current assets
4,476
1,861
Total assets less current liabilities
5,213
2,607
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
4,213
1,607
Shareholders' funds
5,213
2,607
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 September 2016
C Richardson
Director
Company Registration No. 02648642
ARKAIM DEVELOPMENT CO. LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts rent receivable during the year.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
The term of the head lease is 120 years from 29 September 1978. The cost of the head lease is therefore amortised over the remaining years of the lease.
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015 & at 31 December 2015
935
Depreciation
At 1 January 2015
189
Charge for the year
9
At 31 December 2015
198
Net book value
At 31 December 2015
737
At 31 December 2014
746
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000