George Elton Estates Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04723076 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

GEORGE ELTON ESTATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr R C Florio

Mrs W Florio

Mr E C Florio

Mr J R Florio

SECRETARY:

Mr R C Florio

REGISTERED OFFICE:

Fraser Ross House

24 Broad Street

Stamford

Lincolnshire

PE9 1PJ

REGISTERED NUMBER:

04723076 (England and Wales)

ACCOUNTANTS:

Brayshaw Morey

Certified Public Accountants

Fraser Ross House

24 Broad Street

Stamford

Lincolnshire

PE9 1PJ

BANKERS:

HSBC

1 Victoria Road

Surbiton

Surrey

KT6 4LF

FIXED ASSETS

Tangible assets

2

320,364

320,364

CURRENT ASSETS

Cash at bank

117,074

95,383

CREDITORS

Amounts falling due within one year

276,105

272,421

NET CURRENT LIABILITIES

(159,031

)

(177,038

)

TOTAL ASSETS LESS CURRENT LIABILITIES

161,333

143,326

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

160,333

142,326

SHAREHOLDERS' FUNDS

161,333

143,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 8 May 2015 and were signed on its behalf by:

Mr R C Florio - Director

Mrs W Florio - 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 invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

25% on cost

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

322,169

DEPRECIATION

At 1 April 2014

and 31 March 2015

1,805

NET BOOK VALUE

At 31 March 2015

320,364

At 31 March 2014

320,364

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

1,000

Ordinary

£1

1,000

1,000

4.	TRANSACTIONS WITH THE DIRECTORS

At the balance sheet date the company owed Mr R C Florio £261,437 (2014 - £259,953). Interest of £2,588

(2014 - £2,574) was charged during the year, being 1% of the closing balance. These are long term loans and the

director does not intend to withdraw his support.