Company Registration No. 04064494 (England and Wales)
NORTHWEST DOMESTIC PROPERTIES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
NORTHWEST DOMESTIC PROPERTIES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
NORTHWEST DOMESTIC PROPERTIES LIMITED
ABBREVIATED BALANCE SHEET - UNAUDITED
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
60,000
60,000
Current assets
Cash at bank and in hand
7,748
3,032
Creditors: amounts falling due within one year
(32,308)
(28,981)
Net current liabilities
(24,560)
(25,949)
Total assets less current liabilities
35,440
34,051
Capital and reserves
Called up share capital
3
150
150
Profit and loss account
35,290
33,901
Shareholders' funds
35,440
34,051
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 1 June 2017
Mr G Hall
Director
Company Registration No. 04064494
NORTHWEST DOMESTIC PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS - UNAUDITED
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 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 January 2015).
1.2
Turnover
Turnover represents amounts receivable for property letting . The turnover and profit before taxation are attributable to the one principal activity of the company - all of which arises in the United Kingdom.
property letting
. The turnover and
profit
before taxation are attributable to the one principal activity of the company - all of which arises in the United Kingdom.
1.3
Tangible fixed assets and depreciation
In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) no depreciation is provided in respect of freehold properties held as investments. This as a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Investment properties are included at the directors' estimation of open market value at the balance sheet date. The directors consider that this policy results in the accounts giving a true and fair view.
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
60,000
Net book value
At 30 September 2015 & at 30 September 2016
60,000
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
150 Ordinary shares of £1 each
150
150