Registered Number 08834830
MANGO PROPERTIES (HULL) LIMITED
Abbreviated Accounts
31 March 2015
Notes | 2015 | ||
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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 |
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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 |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Revaluation reserve |
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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
Turnover policy
Rental income is recognised on a time basis and is measured over the duration of each respective tenancy agreement.
Administration fees are recognised as they are charged.
The company is not registered for Value Added Tax.
Valuation information and policy
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 directors, necessary in order to give a true and fair view of the financial position of the company.
Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
2
Fixed assets Investments
There are no listed investments.