Euroridge Ltd - Limited company - abbreviated

REGISTERED NUMBER: 04671091 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

EURORIDGE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J M Dreyfuss

SECRETARY:

J Silver

REGISTERED OFFICE:

214 Stamford Hill

London

N16 6RA

REGISTERED NUMBER:

04671091 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

2

5,620

6,611

Investment property

3

1,215,504

2,686,204

1,221,124

2,692,815

CREDITORS

Amounts falling due within one year

808,992

742,902

NET CURRENT LIABILITIES

(808,992

)

(742,902

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

412,132

1,949,913

CREDITORS

Amounts falling due after more than one
year

4

1,216,511

2,206,881

NET LIABILITIES

(804,379

)

(256,968

)

CAPITAL AND RESERVES

Called up share capital

5

1

Profit and loss account

(804,380

)

(256,969

)

SHAREHOLDERS' FUNDS

(804,379

)

(256,968

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 November 2014 and were signed by:

J M Dreyfuss - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net rent receivable, excluding value added tax.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or

amortisation is provided in respect of freehold investment properties nor on leasehold investment properties

having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act

2006, for all properties to be depreciated, is necessary, as the directors consider that this accounting policy

results in the financial statements giving true and fair view.

Investment properties

Investment Properties are included in the Balance Sheet at historical cost, which is not in accordance with

Financial Reporting Standard for Smaller Entities(effective April 2008), which requires such properties to be

stated at current market value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

and 28 February 2014

18,561

DEPRECIATION

At 1 March 2013

11,950

Charge for year

991

At 28 February 2014

12,941

NET BOOK VALUE

At 28 February 2014

5,620

At 28 February 2013

6,611

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 March 2013

2,686,204

Disposals

(1,470,700

)

At 28 February 2014

1,215,504

NET BOOK VALUE

At 28 February 2014

1,215,504

At 28 February 2013

2,686,204

4.

CREDITORS

Creditors include an amount of £ 1,216,511 (28.2.13 - £ 2,206,881 ) for which security has been given.

They also include the following debts falling due in more than five years:

28.2.14

28.2.13

£

Repayable otherwise than by instalments

524,178

Repayable by instalments

692,333

1,682,703

1,216,511

2,206,881

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

1

Ordinary

£1

1

Euroridge Ltd - Limited company - abbreviated - 11.6

Euroridge Ltd - Limited company - abbreviated - 11.6