Registered Number 03038586
MAXIMISE HOLDINGS LIMITED
Abbreviated Accounts
31 March 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
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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( |
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Net current assets (liabilities) |
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( |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Revaluation reserve |
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Profit and loss account |
( |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Freehold Property - Nil
Fixtures & Fittings - 20% reducing balance
Freehold property is not depreciated on the grounds that the depreciation charge and accumulated depreciation would be immaterial. The is due to the company having a policy and practice of regular maintenance and repair resulting in a high residual value. Maintenance and repair charges are recognised in the profit and loss account. In line with FRS15, the carrying values of freehold property are reviewed for impairment at the end of each period to ensure there are no events or changes in the circumstances which would indicate the carrying value may not be recoverable.
An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historical cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve.
£ | |
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Cost | |
At 1 April 2015 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 March 2016 |
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Depreciation | |
At 1 April 2015 |
|
Charge for the year |
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On disposals |
( |
At 31 March 2016 |
|
Net book values | |
At 31 March 2016 | 0 |
At 31 March 2015 | 848,559 |
3
Fixed assets Investments