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Registered number: 5957738
Libra Investment Property Group Limited
Abbreviated accounts
For The Year Ended 31 March 2016
Paul Costello Acccountancy Ltd.

Pen Y Castell
Bryn
Port Talbot
West Glamorgan
SA13 2PY
Abbreviated Balance Sheet
2016 2015
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 2 1 1
Tangible Assets 3 2,069 3,104
2,070 3,105
CURRENT ASSETS
Debtors 292,244 112,016
Investments 4 106 106
Cash at bank and in hand 90 135
292,440 112,257
Creditors: Amounts Falling Due Within One Year (294,422 ) (114,019 )
NET CURRENT ASSETS (LIABILITIES) (1,982 ) (1,762 )
TOTAL ASSETS LESS CURRENT LIABILITIES 88 1,343
NET ASSETS 88 1,343
CAPITAL AND RESERVES
Called up share capital 5 4 4
Profit and Loss Account 83 1,339
SHAREHOLDERS' FUNDS 87 1,343
For the year ending 31 March 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 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
Mr David Bromley
15/12/2016
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Notes to the Abbreviated Accounts
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% straight line
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% straight line
2. Intangible Assets
Total
Cost £
As at 1 April 2015 110,000
As at 31 March 2016 110,000
Amortisation
As at 1 April 2015 109,999
As at 31 March 2016 109,999
Net Book Value
As at 31 March 2016 1
As at 1 April 2015 1
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3. Tangible Assets
Total
Cost £
As at 1 April 2015 12,262
As at 31 March 2016 12,262
Depreciation
As at 1 April 2015 9,158
Provided during the period 1,035
As at 31 March 2016 10,193
Net Book Value
As at 31 March 2016 2,069
As at 1 April 2015 3,104
4. Current Asset Investments
2016 2015
£ £
Shares in subsidiaries 106 106
106 106
5. Share Capital
Value Number 2016 2015
Allotted, called up and fully paid £ £ £
Ordinary shares 1.000 4 4 4
6. Transactions With and Loans to Directors
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
7. Ultimate Controlling Party
The company's ultimate controlling party are the directors by virtue of their combined ownership of 100% of the issued share capital in the company.
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