| Equitable House Ltd. |
| Registered number: |
06897018 |
| Abbreviated Balance Sheet |
| as at 31 October 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
10,010,065 |
|
|
8,015,063 |
|
| Current assets |
| Debtors |
|
|
670,348 |
|
|
387,568 |
| Cash at bank and in hand |
|
|
728,044 |
|
|
141,300 |
|
|
|
1,398,392 |
|
|
528,868 |
|
| Creditors: amounts falling due within one year |
|
|
(629,342) |
|
|
(397,763) |
|
| Net current assets |
|
|
|
769,050 |
|
|
131,105 |
|
| Total assets less current liabilities |
|
|
|
10,779,115 |
|
|
8,146,168 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(4,392,339) |
|
|
(3,514,017) |
|
|
|
| Net assets |
|
|
|
6,386,776 |
|
|
4,632,151 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Revaluation reserve |
|
|
|
6,375,168 |
|
|
4,410,810 |
| Profit and loss account |
|
|
|
11,508 |
|
|
221,241 |
|
| Shareholders' funds |
|
|
|
6,386,776 |
|
|
4,632,151 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Paul David Tearle |
| Director |
| Approved by the board on 20 July 2015 |
|
| Equitable House Ltd. |
| Notes to the Abbreviated Accounts |
| for the year ended 31 October 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value of rents received from tenants and the value of services provided in the normal course of business. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
33% reducing balance |
|
|
|
Investment properties |
|
Investment properties, which comprise properties held for rental, are revalued annually and the aggregate surplus or deficit transferred to the revaluation reserve except where any deficit is deemed permanent when it is taken to the Profit and Loss Account. No provision is made for depreciation of investment properties. This departure from the requirements of accounting standards, which require all properties to be depreciated is, in the opinion of the directors, necessary for the financial statements to show a true and fair view in accordance with applicable accounting standards. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2013 |
8,074,570 |
|
Additions |
35,642 |
|
Surplus on revaluation |
1,964,358 |
|
At 31 October 2014 |
10,074,570 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2013 |
59,507 |
|
Charge for the year |
4,998 |
|
At 31 October 2014 |
64,505 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2014 |
10,010,065 |
|
At 31 October 2013 |
8,015,063 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2014 |
|
2013 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans |
4,500,000 |
|
3,720,257 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
A Ordinary shares |
£1 each |
|
50 |
|
50 |
|
50 |
|
B Ordinary shares |
£1 each |
|
25 |
|
25 |
|
25 |
|
C Ordinary shares |
£1 each |
|
25 |
|
25 |
|
25 |
|
|
|
|
|
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
