REGISTERED NUMBER:
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ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015 |
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ARCOT LIMITED |
REGISTERED NUMBER:
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ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015 |
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FOR |
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ARCOT LIMITED |
ARCOT LIMITED (REGISTERED NUMBER: 03538208) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2015 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 3 |
ARCOT LIMITED (REGISTERED NUMBER: 03538208) |
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ABBREVIATED BALANCE SHEET |
30 JUNE 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investment property | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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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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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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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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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
ARCOT LIMITED (REGISTERED NUMBER: 03538208) |
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ABBREVIATED BALANCE SHEET - continued |
30 JUNE 2015 |
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The financial statements were approved by the Board of Directors on
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ARCOT LIMITED (REGISTERED NUMBER: 03538208) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
2008). |
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Turnover |
Turnover represents management fees and investment income from investment properties. Where rent is |
received which relates to a later period, appropriate adjustments are made and included in creditors due within |
one year. |
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Tangible fixed assets |
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Equipment | - |
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Computer equipment | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
market value is transferred to a revaluation reserve. |
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In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation is |
provided in respect of the freehold property which is classified as investment property. This is a departure from |
the requirements of the Companies Act 2006 which requires all properties to be depreciated. This property is not |
held for consumption but for investment and the directors consider that to depreciate it would not give a true and |
fair view. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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2. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 July 2014 |
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Additions |
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At 30 June 2015 |
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DEPRECIATION |
At 1 July 2014 |
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Charge for year |
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At 30 June 2015 |
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NET BOOK VALUE |
At 30 June 2015 |
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At 30 June 2014 |
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ARCOT LIMITED (REGISTERED NUMBER: 03538208) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 JUNE 2015 |
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3. | INVESTMENT PROPERTY |
Total |
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COST OR VALUATION |
At 1 July 2014 |
and 30 June 2015 |
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NET BOOK VALUE |
At 30 June 2015 |
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At 30 June 2014 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary A | £1 |
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Ordinary B | £1 |
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