Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Tenerife Property Shop (UK) Limited
Contents
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Tenerife Property Shop (UK) Limited
(Registration number: 02653236)
Abbreviated Balance Sheet at 31 December 2014
Note |
2014
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2013
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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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Cash at bank and in hand |
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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 on
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The notes on
pages
2
to
3
form an integral part of these financial statements.
Page 1
Tenerife Property Shop (UK) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued
Accounting policies |
Basis of preparation
Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the director that she will continue to give financial support to the company for twelve months from the date of signing these financial statements.
On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable value and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.
Depreciation
Depreciation is calculated so as to write off the cost of an asset , less its estimated redidual value, over the useful economic life of that asset as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 January 2014 |
2,390 |
2,390 |
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At 31 December 2014 |
2,390 |
2,390 |
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Depreciation |
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At 1 January 2014 |
2,362 |
2,362 |
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At 31 December 2014 |
2,362 |
2,362 |
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Net book value |
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At 31 December 2014 |
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At 31 December 2013 |
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Tenerife Property Shop (UK) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued
Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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