European Developments Corporation Limited Filleted accounts for Companies House (small and micro)
European Developments Corporation Limited Filleted accounts for Companies House (small and micro)
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS |
COMPANY REGISTRATION NUMBER:
05411134
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FOR THE YEAR ENDED |
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REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
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YEAR ENDED 31 AUGUST 2020
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
2020 |
2019 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current liabilities |
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------------ |
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Total assets less current liabilities |
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------------ |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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------------ |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
6 May 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
05411134
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 31 AUGUST 2020
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford lane, Kings Norton, Birmingham, West Midlands, B30 3JN.
2.
Statement of Compliance
3.
Accounting Policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
Written off per plot sale
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property |
- |
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Plant and machinery |
- |
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Motor vehicle |
- |
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Impairment of fixed assets
Financial instruments
4.
Intangible Assets
£ |
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Cost |
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At 1 September 2019 and 31 August 2020 |
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Amortisation |
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At 1 September 2019 and 31 August 2020 |
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Carrying amount |
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At 31 August 2020 |
– |
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At 31 August 2019 |
– |
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5.
Tangible Assets
£ |
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Cost |
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At 1 September 2019 and 31 August 2020 |
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Depreciation |
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At 1 September 2019 |
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Charge for the year |
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At 31 August 2020 |
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Carrying amount |
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At 31 August 2020 |
602,946 |
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At 31 August 2019 |
617,293 |
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6.
Related Party Transactions
There were no transactions with related parties during the year that require disclosure under Financial Reporting Standards 102 1a.