Company Registration No. 03625319 (England and Wales)
DOV PORTFOLIO LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
DOV PORTFOLIO LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
DOV PORTFOLIO LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
18,089
16,015
Current assets
Cash at bank and in hand
61
-
Creditors: amounts falling due within one year
(20,449)
(15,233)
Net current liabilities
(20,388)
(15,233)
Total assets less current liabilities
(2,299)
782
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(2,301)
780
Shareholders' funds
(2,299)
782
For the financial year ended 30 September 2016 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 21 June 2017
B D Bernstein
Director
Company Registration No. 03625319
DOV PORTFOLIO LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 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 receivable for goods and services net of VAT and trade discounts.
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:
Fixtures, fittings & equipment
20% Reducing balance
1.5
Revenue recognition
Fee income represents revenue earned for the provision of professional services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.
2
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 October 2015
75,103
Additions
6,596
At 30 September 2016
81,699
Depreciation
At 1 October 2015
59,088
Charge for the year
4,522
At 30 September 2016
63,610
Net book value
At 30 September 2016
18,089
At 30 September 2015
16,015
DOV PORTFOLIO LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2