Registered Number 07636124
METRO PROPERTY INVESTMENTS LIMITED
Abbreviated Accounts
31 May 2015
Notes | 2015 | 2014 | |
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Fixed assets | |||
Investments | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 3 |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 3 |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Other accounting policies
The financial statements are prepared on a going concern basis.
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, she continues to adopt the going concern basis of accounting in preparing the financial statements.
INVESTMENT PROPERTIES
Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the director, necessary in order to give a true and fair view of the financial position of the company.
2
Fixed assets Investments
At 1 June 2014 - 2184074
Additions at cost - 229699
At 31 May 2015 - 2413773
The 2015 valuations were made by the director, on an open market value for existing use basis.
The investment properties are accounted for in line with SSAP 19 'Accounting for Investment Properties'.
The director does not consider the open market value as at 31 May 2015 to be materially different to the original costs shown in the balance sheet. As a result, the properties have not been revalued at the year end.
2015
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2014
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Non-instalment debts due after 5 years |
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