East Devon Estate Agents Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05402582 (England and Wales)

East Devon Estate Agents Limited

Trading as

'Red Homes'

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R B Spiller

SECRETARY:

R A Spiller

REGISTERED OFFICE:

1A Parliament Square

Parliament Street

Crediton

Devon

EX17 2AW

BUSINESS ADDRESS:

Yew Tree Cottage

Buckerell

Honiton

Devon

EX14 3EJ

REGISTERED NUMBER:

05402582 (England and Wales)

ACCOUNTANTS:

Haines Watts Exeter LLP

1A Parliament Square

Parliament Street

Crediton

Devon

EX17 2AW

FIXED ASSETS

Tangible assets

2

10,518

10,538

CURRENT ASSETS

Debtors

1,607

1,175

Cash at bank

72,192

58,963

73,799

60,138

CREDITORS

Amounts falling due within one year

(23,404

)

(30,219

)

NET CURRENT ASSETS

50,395

29,919

TOTAL ASSETS LESS CURRENT LIABILITIES

60,913

40,457

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

60,813

40,357

SHAREHOLDERS' FUNDS

60,913

40,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 3 September 2015 and were signed by:

R B Spiller - 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).

Turnover

Turnover represents the total invoice value, excluding value added tax, of commissions earned and

franchise fees receivable during the year and derives from the provision of services falling within the

company's ordinary activities.

Commission income is recognised at the point of legal completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% straight line

Fixtures and fittings

-

25% reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

14,979

Additions

658

At 31 March 2015

15,637

DEPRECIATION

At 1 April 2014

4,441

Charge for year

678

At 31 March 2015

5,119

NET BOOK VALUE

At 31 March 2015

10,518

At 31 March 2014

10,538

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100