Eliot Developments (Charlestown) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08978179 (England and Wales)

Abbreviated Unaudited Accounts

For The Period 4 April 2014 to 30 June 2015

for

Eliot Developments (Charlestown) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M J Evans

S Musgreaves

REGISTERED OFFICE:

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

REGISTERED NUMBER:

08978179 (England and Wales)

ACCOUNTANTS:

Bromhead

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

FIXED ASSETS

Tangible assets

2

3

CURRENT ASSETS

Stocks

1,039,912

Debtors

3,606

Cash at bank

39

1,043,557

CREDITORS

Amounts falling due within one year

3

1,046,744

NET CURRENT LIABILITIES

(3,187

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,184

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

(4,184

)

SHAREHOLDERS' FUNDS

(3,184

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 22 September 2015 and were signed on its behalf by:

M J Evans - Director

S Musgreaves - 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 net invoiced sales of goods, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Tangible fixed assets include land on which depreciation is not required.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

3

At 30 June 2015

3

NET BOOK VALUE

At 30 June 2015

3

3.

CREDITORS

Creditors include an amount of £ 622,004 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

375

Ordinary A

£1.00

375

375

Ordinary B

£1.00

375

250

Ordinary C

£1.00

250

1,000

The following shares were allotted and fully paid for cash at par during the period:

375 Ordinary A shares of £1.00 each

375 Ordinary B shares of £1.00 each

250 Ordinary C shares of £1.00 each

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2015:

£

M J Evans

Balance outstanding at start of period

-

Amounts advanced

375

Amounts repaid

-

Balance outstanding at end of period

375

The loan is interest free and repayable on demand.