Escala Investments Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08167998 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2014

for

Escala Investments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs L K Sinclair

REGISTERED OFFICE:

Upperton Farmhouse

2 Enys Road

Eastbourne

East Sussex

BN21 2DE

REGISTERED NUMBER:

08167998 (England and Wales)

FIXED ASSETS

Investment property

2

892,181

883,079

CREDITORS

Amounts falling due within one year

3

39,671

38,472

NET CURRENT LIABILITIES

(39,671

)

(38,472

)

TOTAL ASSETS LESS CURRENT LIABILITIES

852,510

844,607

CREDITORS

Amounts falling due after more than one year

3

890,631

881,528

NET LIABILITIES

(38,121

)

(36,921

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

(38,122

)

(36,922

)

SHAREHOLDERS' FUNDS

(38,121

)

(36,921

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 26 June 2015 and were signed by:

Mrs L K Sinclair - 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).

Investment property

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation

is provided in respect of freehold properties held as investments. This is a departure from the requirements of

the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment

and not for consumption and the directors consider that to depreciate them would not give a true and fair view.

Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the

amount of depreciation which might otherwise have been charged cannot be separately identified or quantified.

The director considers that this policy results in the accounts giving a true and fair view.

Deferred tax

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

sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 September 2013

883,079

Additions

9,102

At 31 August 2014

892,181

NET BOOK VALUE

At 31 August 2014

892,181

At 31 August 2013

883,079

3.

CREDITORS

Creditors include an amount of £ 890,631 (31.8.13 - £ 881,528 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

1

Ordinary

£1

1

1