Statutory Information- Mysquare Apartments LTD is private company, limited by shares, registered in not specified/ others. The company's registered number and registered office address can be found on Company Information page. Accounting Policies Basis of preparing financial statements these financial statements have been prepared in accordance with Financial Reporting Standard 101 "The Financial Reporting Standard applicable in UK and Republic of Ireland" including the provisions of section IA "Small Entities" and Companies Act 2006. The financial statement has been prepared under historical cost convention. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Goodwill, being the amount paid in connection with the acquisition of a business is 0, is being amortized evenly over its estimated useful life of nil years. Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortization and any accumulated impairment loss. Computer software is being amortized evenly over its estimated useful life of 5 years. Tangible Fixed Assets Depreciation has been provided at following annual rates in order to write off each assets over its estimated useful life. The investment in subsidiaries undertaking is recognized at cost. Stocks are valued at lower of cost and net realizable value, after making due allowances for obsolete and slow moving items. Taxation for the year comprises current and deferred tax. Tax is recognized in the income statement, except to the extent that it relates to items recognized in other comprehensive income or directly in equity Current or deferred taxation assets and liabilities are not discounted. Current tax is recognized at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred Tax is recognized in respect of all timing differences that have originated but have not been reversed at balance sheet date. The timing difference arise from inclusion of income and expenses in tax assessment in period difference from those in which they are recognized in financial statements. Deferred tax is measured using Tax rates and law that has been enacted or substantively enacted by year end and that are expected to apply to reversal of timing difference. Hire Purchase and leasing commitments. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.