ESSEX_COUNTRY_PROPERTIES_ - Accounts

ESSEX_COUNTRY_PROPERTIES_ - Accounts

ESSEX COUNTRY PROPERTIES LIMITED - Company Information

Print Friendly Version

Company Registration No. 07008580 (England and Wales)
ESSEX COUNTRY PROPERTIES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2014
ESSEX COUNTRY PROPERTIES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ESSEX COUNTRY PROPERTIES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2014
31 October 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
16,251
19,501
Tangible assets
2
29,505
41,648
45,756
61,149
Current assets
Debtors
23,045
42,523
Cash at bank and in hand
30,263
3,787
53,308
46,310
Creditors: amounts falling due within one year
3
(647,830)
(635,106)
Net current liabilities
(594,522)
(588,796)
Total assets less current liabilities
(548,766)
(527,647)
Creditors: amounts falling due after more than one year
(3,766)
(9,792)
(552,532)
(537,439)
Capital and reserves
Called up share capital
4
100
100
Profit and loss account
(552,632)
(537,539)
Shareholders'  funds
(552,532)
(537,439)
For the financial year ended 31 October 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 23 July 2015
Mr J M Scowsill
Director
Company Registration No. 07008580
ESSEX COUNTRY PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The parent company has indicated its readiness to continue to give support to the company. As a result the accounts have been drawn up on the going concern basis.

 

The parent company has indicated its readiness to continue to give support to the company. As a result the accounts have been drawn up on the going concern basis.

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
15% reducing balance
Computer equipment
25% reducing balance
Motor vehicles
25% reducing balance
ESSEX COUNTRY PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2014
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 November 2013
32,501
70,619
103,120
Additions
-
460
460
Disposals
-
(13,906)
(13,906)
At 31 October 2014
32,501
57,173
89,674
Depreciation
At 1 November 2013
13,000
28,971
41,971
On disposals
-
(9,261)
(9,261)
Charge for the year
3,250
7,958
11,208
At 31 October 2014
16,250
27,668
43,918
Net book value
At 31 October 2014
16,251
29,505
45,756
At 31 October 2013
19,501
41,648
61,149
3
Creditors: amounts falling due within one year

The overdraft facility is secured via a mortgage debenture over the company's assets.

 

There is also a joint personal guarantee of £30,000 in place from Mr J Howard and Mr J Scowsill, both directors of the company.

4
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary shares of of £1 each
100
100
2014-10-312013-11-01falsetruetruetruetruetruetmp7A50.html2015-07-23070085802013-11-012014-10-31070085802014-10-31070085802013-10-31070085802013-10-3107008580uk-bus:CompanySecretaryDirector2013-11-012014-10-3107008580uk-gaap:PlantMachinery2013-11-012014-10-3107008580uk-gaap:ComputerEquipment2013-11-012014-10-3107008580uk-gaap:MotorVehicles2013-11-012014-10-3107008580uk-bus:OrdinaryShareClass12013-11-012014-10-3107008580uk-bus:OrdinaryShareClass12014-10-3107008580uk-bus:OrdinaryShareClass12013-10-31xbrli:purexbrli:sharesiso4217:GBP