Abbreviated Company Accounts - 1-2-1 PROPERTY LTD

SC365334 1-2-1 PROPERTY LTD 2013-09-30 false 2012-10-01 2013-09-30 true SC365334 2012-10-01 2013-09-30 SC365334 2013-09-30 SC365334 2012-09-30 SC365334 uk-gaap-cd-bus:Director1 2012-10-01 2013-09-30 SC365334 uk-gaap-cd-bus:Director2 2012-10-01 2013-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-01 2013-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-09-30 uk-gaap-cd-bus:OrdinaryShareClass2 2012-10-01 2013-09-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-09-30 uk-gaap-cd-bus:OrdinaryShareClass2 2012-09-30 iso4217:GBP shares

Registered Number SC365334

1-2-1 PROPERTY LTD

Abbreviated Accounts

30 September 2013

1-2-1 PROPERTY LTD Registered Number SC365334

Abbreviated Balance Sheet as at 30 September 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	-	5,294
		-	5,294
Current assets
Debtors		45,919	90,452
Cash at bank and in hand		-	8,574
		45,919	99,026
Creditors: amounts falling due within one year		(24,254)	(31,591)
Net current assets (liabilities)		21,665	67,435
Total assets less current liabilities		21,665	72,729
Creditors: amounts falling due after more than one year		(28,899)	(108,005)
Total net assets (liabilities)		(7,234)	(35,276)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(7,236)	(35,278)
Shareholders' funds		(7,234)	(35,276)

For the year ending 30 September 2013 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 18 June 2014

And signed on their behalf by:
Tracey Lang, Director

1-2-1 PROPERTY LTD Registered Number SC365334

Notes to the Abbreviated Accounts for the period ended 30 September 2013

1Accounting 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 is stated net of Value Added Tax, and is recognised as the revenue resulting from exchange transactions under which the company supplies to its customers the goods and services it is in business to provide.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates intended to write-off the cost or valuation, less estimated residual value, of each asset evenly over its expected economic useful life.

2Tangible fixed assets

	£
Cost
At 1 October 2012	8,810
Additions	-
Disposals	(280)
Revaluations	-
Transfers	-
At 30 September 2013	8,530
Depreciation
At 1 October 2012	3,516
Charge for the year	5,154
On disposals	(140)
At 30 September 2013	8,530
Net book values
At 30 September 2013	0
At 30 September 2012	5,294

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
2 Ordinary shares of £1 each (0 shares for 2012)	2	0
2 Ordinary shares of £1 each	2	2