Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Citinet Properties Limited
(Registration number: 03806380)
Abbreviated Balance Sheet at 31 July 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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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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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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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' funds |
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Approved by the director on
.........................................
A Forman
Director
1
Citinet Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follow:
Asset class |
Depreciation method and rate |
Freehold land |
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Freehold buildings and improvements |
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Plant and machinery |
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Motor vehicles |
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Stock
Deferred tax
Hire purchase and leasing
Financial instruments
Citinet Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 August 2014 |
1,588,218 |
1,588,218 |
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At 31 July 2015 |
1,588,218 |
1,588,218 |
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Depreciation |
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At 1 August 2014 |
574,893 |
574,893 |
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Charge for the year |
54,005 |
54,005 |
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At 31 July 2015 |
628,898 |
628,898 |
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Net book value |
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At 31 July 2015 |
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At 31 July 2014 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
|
2014
|
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Amounts falling due within one year |
415,000 |
415,000 |
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Amounts falling due after more than one year |
378,766 |
409,446 |
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Total secured creditors |
793,766 |
824,446 |
Included in the creditors are the following amounts due after more than five years:
2015
|
2014
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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