REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2014 |
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MACNIVEN & CAMERON (MAIDSTONE) LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2014 |
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FOR |
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MACNIVEN & CAMERON (MAIDSTONE) LIMITED |
MACNIVEN & CAMERON (MAIDSTONE) LIMITED (REGISTERED NUMBER: 05856315) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
MACNIVEN & CAMERON (MAIDSTONE) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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MACNIVEN & CAMERON (MAIDSTONE) LIMITED (REGISTERED NUMBER: 05856315) |
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ABBREVIATED BALANCE SHEET |
31 DECEMBER 2014 |
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2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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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 LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
MACNIVEN & CAMERON (MAIDSTONE) LIMITED (REGISTERED NUMBER: 05856315) |
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ABBREVIATED BALANCE SHEET - continued |
31 DECEMBER 2014 |
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The financial statements were approved by the director on
by: |
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MACNIVEN & CAMERON (MAIDSTONE) LIMITED (REGISTERED NUMBER: 05856315) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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1. | ACCOUNTING POLICIES |
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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). |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in |
accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents rent receivable and property income net of VAT. |
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Tangible fixed assets and depreciation |
Investment properties are included in the balance sheet at their open market value. |
Depreciation is provided only on those investment properties which are leasehold and where |
the unexpired lease term is less than 20 years. |
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Although this accounting policy is in accordance with the Financial Reporting Standard for |
Smaller Entities (effective April 2008), it is a departure from the general requirement of the |
Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director |
compliance with the standard is necessary for the financial statements to give a true and fair |
view. Depreciation or amortisation is only one of many factors reflected in the annual |
valuation and the amount of this which might otherwise have been changed cannot be |
separately identified or quantified. |
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Foreign currency translation |
Monetary assets and liabilities denominated in foreign currencies are translated into sterling |
at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies |
are recorded at the rate ruling at the date of the transaction. All differences are taken to |
profit and loss account. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight |
line basis over the period of the lease. |
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Going concern |
The financial statements have been prepared on a going concern basis as the parent |
company has confirmed that it will continue to support Macniven & Cameron (Maidstone) |
Limited in order that it can meet its liabilities as they fall due and continue to trade in the |
foreseeable future. |
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Revenue recognition |
Rental income represents rents due for the period, calculated on an accruals basis. |
MACNIVEN & CAMERON (MAIDSTONE) LIMITED (REGISTERED NUMBER: 05856315) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2014 |
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Disposals | ( |
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Reversal of impairments | 90,657 |
At 31 December 2014 |
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NET BOOK VALUE |
At 31 December 2014 |
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At 31 December 2013 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
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Ordinary | £1 |
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4. | RELATED PARTY RELATIONSHIPS AND TRANSACTIONS - OTHER TRANSACTIONS |
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At 31 December 2014 the company owed its parent, Twineham Property Holdings Limited |
£586,995 (2013: £436,834). |