Abbreviated Company Accounts - E9 INVESTMENTS LIMITED

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Other Investments see policy for fixed asset investments.

Other accounting policies
Fixed asset investments
Investments are reviewed annually at their open market value in accordance with FRSSE (effective April 2008). The surplus or deficit on revaluation is transferred to a revaluation reserve, except where the deficit reduces an asset below its historical cost, in which case, it is taken to the profit and loss account.

No depreciation is provided on fixed asset investments, which is a departure from the requirements of the Companies Act 2006. In the opinion of the director, these investments are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. The provision of the FRSSE (effective April 2008) in respect of investments have been adopted in order to provide a true and fair view. If this departure from the act had not been made, the loss for the year would have been increased by depreciation.

However, the amount of depreciation cannot reasonably be quantified and the amount of the loss which might otherwise have been shown cannot be separately identified or quantified.

3Fixed assets Investments
The unlisted investments held by the company were sold during the year.