Registered Number 03307487
TRENT PROPERTY CO. LIMITED
Abbreviated Accounts
31 January 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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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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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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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 buildings - Straight line over twenty five years
Fixtures, fittings
and equipment - 25% straight line
No depreciation is charged on land.
In accordance with the provisions of the Financial Reporting Standard for Smaller Entities (effective April 2008) (“the FRSSE”) investment properties are stated at their market value and no depreciation is provided in respect of these properties. This is a departure from the requirements of the Companies Act 2005 to ensure that the accounts show a true and fair view. Had the requirements of the FRSSE not been followed the depreciation charge for the financial year would have increased by £12,950 (2014 - £8,519) and the retained profit for the year would have been £14,192 (2014 - £25,048).
£ | |
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Cost | |
At 1 February 2014 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 January 2015 |
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Depreciation | |
At 1 February 2014 |
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Charge for the year |
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On disposals |
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At 31 January 2015 |
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Net book values | |
At 31 January 2015 | 810,845 |
At 31 January 2014 | 701,289 |
Tangible fixed assets included at a valuation would have been included on a historical cost basis at:
2015 2014
£ £
Cost 647,490 425,961
Depreciation 116,755 103,805
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Net book value 530,735 322,156
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