Company Registration No. 04596470 (England and Wales)
DRAGONSPHERE PROPERTIES LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
DRAGONSPHERE PROPERTIES LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
DRAGONSPHERE PROPERTIES LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
519,800
524,400
Current assets
Debtors
75,655
74,055
75,655
74,055
Creditors: amounts falling due within one year
(196,464)
(167,170)
Net current liabilities
(120,809)
(93,115)
Total assets less current liabilities
398,991
431,285
Creditors: amounts falling due after more than one year
(378,539)
(406,649)
20,452
24,636
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
20,352
24,536
Shareholders' funds
20,452
24,636
For the financial year ended 31 March 2015 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 17 November 2015
R Davis
Director
Company Registration No. 04596470
DRAGONSPHERE PROPERTIES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 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 April 2008).
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:
Land and buildings Leasehold
over 125 years
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014 & at 31 March 2015
575,000
Depreciation
At 1 April 2014
50,600
Charge for the year
4,600
At 31 March 2015
55,200
Net book value
At 31 March 2015
519,800
At 31 March 2014
524,400
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100