Registered Number 02350724

MIARKE DEVELOPMENTS LIMITED

Abbreviated Accounts

30 June 2015

MIARKE DEVELOPMENTS LIMITED Registered Number 02350724

Abbreviated Balance Sheet as at 30 June 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,695,676 1,845,115
1,695,676 1,845,115
Current assets
Debtors 1,260,593 1,247,096
Cash at bank and in hand 85,541 7,686
1,346,134 1,254,782
Creditors: amounts falling due within one year (757,519 ) (607,864 )
Net current assets (liabilities) 588,615 646,918
Total assets less current liabilities 2,284,291 2,492,033
Creditors: amounts falling due after more than one year (2,026,687 ) (2,031,621 )
Total net assets (liabilities) 257,604 460,412
Capital and reserves
Called up share capital 3 1,000 1,000
Revaluation reserve 335,976 335,976
Profit and loss account (79,372 ) 123,436
Shareholders' funds 257,604 460,412

  • For the year ending 30 June 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 March 2016

And signed on their behalf by:
M SAUNDERS, Director

MIARKE DEVELOPMENTS LIMITED Registered Number 02350724

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents rent received for the period which it relates to.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery - 15% Reducing balance
Fixture, fittings and equipment - 15% Reducing balance
Motor vehicles - 25% Reducing balance

2 Tangible fixed assets
£
Cost
At 1 July 2014 1,868,546
Additions 542,067
Disposals (693,848 )
Revaluations -
Transfers -
At 30 June 2015 1,716,765
Depreciation
At 1 July 2014 23,431
Charge for the year 573
On disposals (2,915 )
At 30 June 2015 21,089
Net book values
At 30 June 2015 1,695,676
At 30 June 2014 1,845,115
3 Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
1,000 Ordinary shares of £1 each 1,000 1,000