Elphick & Son Limited - Limited company - abbreviated - 11.6
Elphick & Son Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| FOR |
| ELPHICK & SON LIMITED |
| ELPHICK & SON LIMITED (REGISTERED NUMBER: 00104681) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 | to | 3 |
| Notes to the Abbreviated Accounts | 4 | to | 5 |
| ELPHICK & SON LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| ELPHICK & SON LIMITED (REGISTERED NUMBER: 00104681) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| ELPHICK & SON LIMITED (REGISTERED NUMBER: 00104681) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MARCH 2015 |
| The financial statements were approved by the Board of Directors on |
| ELPHICK & SON LIMITED (REGISTERED NUMBER: 00104681) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements are prepared under the historical cost convention modified to include the revaluation of |
| freehold land and buildings. |
| Turnover |
| Turnover represents amounts receivable for rents from the letting investment properties. |
| Tangible fixed assets |
| Computer equipment | - |
| Investment property |
| Investment properties are included in the balance sheet at their open market value. Any surplus on revaluation is |
| transferred to the investment property revaluation reserve. Any deficit is deducted from the investment property |
| revaluation reserve except permanent diminution in value, which are charged to the profit and loss account. No |
| amortisation or depreciation is provided in respect of freehold investment properties in accordance with |
| Statement of Accounting Practice 19 "Accounting for Investment Properties". This treatment is contrary to the |
| requirements of the Companies Act 2006 to provide for depreciation but is considered necessary to ensure that |
| the financial statements give a true and fair view. Depreciation is only one of the factors reflected at the balance |
| sheet date valuation and the amount that might have been shown cannot be separately identified or quantified. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and |
| depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are |
| included in creditors net of finance charge allocated to future periods. The finance element of the rental payment |
| is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation |
| outstanding in each period. |
| Lease payments under operating leases, where substantially all the risks and benefits remain with the lessor, are |
| charged as expenses in the period in which they were incurred. |
| ELPHICK & SON LIMITED (REGISTERED NUMBER: 00104681) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 |
| DEPRECIATION |
| At 1 April 2014 |
| Charge for year |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 April 2014 |
| and 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 4. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 2015 | 2014 |
| £ | £ |
| Repayable otherwise than by instalments | 9,653 | 9,653 |
| Details of shares shown as liabilities are as follows: |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Preference | £1 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |