EARLCOURT_PROPERTY_INVEST - Accounts

EARLCOURT PROPERTY INVESTMENTS LIMITED - Company Information

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Company Registration No. 04644308 (England and Wales)

EARLCOURT PROPERTY INVESTMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2014

EARLCOURT PROPERTY INVESTMENTS LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

2 - 3

Notes to the abbreviated accounts

4 - 5

EARLCOURT PROPERTY INVESTMENTS LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EARLCOURT PROPERTY INVESTMENTS LIMITED FOR THE PERIOD ENDED 31 MARCH 2014

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Earlcourt Property Investments Limited for the Period ended 31 March 2014 set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Earlcourt Property Investments Limited, as a body, in accordance with the terms of our engagement letter dated 3 February 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Earlcourt Property Investments Limited and state those matters that we have agreed to state to the Board of Directors of Earlcourt Property Investments Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Earlcourt Property Investments Limited and it's Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Earlcourt Property Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Earlcourt Property Investments Limited. You consider that Earlcourt Property Investments Limited is exempt from the statutory audit requirement for the Period.

We have not been instructed to carry out an audit or a review of the financial statements of Earlcourt Property Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jackson Calvert

13 April 2015

Chartered Accountants

Bennett Corner House

33 Coleshill Street

Sutton Coldfield

West Midlands

B72 1SD

EARLCOURT PROPERTY INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 2 -

2014

2013

Notes

Fixed assets

Tangible assets

558,846

714,536

Current assets

Debtors

6,400

28,588

Cash at bank and in hand

650

6,436

29,238

Creditors: amounts falling due within one year

(261,993)

(78,841)

Net current liabilities

(255,557)

(49,603)

Total assets less current liabilities

303,289

664,933

Creditors: amounts falling due after more than one year

(375,000)

(754,249)

(71,711)

(89,316)

Capital and reserves

Called up share capital

100

Profit and loss account

(71,811)

(89,416)

Shareholders' funds

(71,711)

(89,316)

EARLCOURT PROPERTY INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 3 -

For the financial Period ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 April 2015

Mr I B Davies

Director

Company Registration No. 04644308

EARLCOURT PROPERTY INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2014

- 4 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

These Accounts are prepared on the going concern basis the validity of which relies on the continued support of Mr B Ahmed.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Nil

Land and buildings Leasehold

2% straight line

Plant and machinery

10% straight line

EARLCOURT PROPERTY INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2014

- 5 -

Fixed assets

Tangible assets

Cost

At 1 February 2013

731,170

Additions

557,852

Disposals

(720,000)

At 31 March 2014

569,022

Depreciation

At 1 February 2013

16,634

On disposals

(14,400)

Charge for the period

7,942

At 31 March 2014

10,176

Net book value

At 31 March 2014

558,846

At 31 January 2013

714,536

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100