Abbreviated Company Accounts - ELEMENT HOMES LIMITED

ELEMENT HOMES LIMITED - Company Information

05647654 ELEMENT HOMES LIMITED 2015-06-30 false 2014-01-01 2015-06-30 true 05647654 2014-01-01 2015-06-30 05647654 2015-06-30 05647654 2013-12-31 05647654 uk-gaap-cd-bus:Director1 2014-01-01 2015-06-30 05647654 uk-gaap-cd-bus:Director2 2014-01-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-01-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-12-31 iso4217:GBP shares

Registered Number 05647654

ELEMENT HOMES LIMITED

Abbreviated Accounts

30 June 2015

ELEMENT HOMES LIMITED Registered Number 05647654

Abbreviated Balance Sheet as at 30 June 2015

	Notes	30/06/2015	31/12/2013
		£	£
Fixed assets
Tangible assets	2	2,300,000	2,439,494
		2,300,000	2,439,494
Current assets
Debtors		12,303	65,339
Cash at bank and in hand		58,527	25,600
		70,830	90,939
Creditors: amounts falling due within one year		(2,370,828)	(2,517,455)
Net current assets (liabilities)		(2,299,998)	(2,426,516)
Total assets less current liabilities		2	12,978
Total net assets (liabilities)		2	12,978
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		-	12,976
Shareholders' funds		2	12,978

For the year ending 30 June 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 1 October 2015

And signed on their behalf by:
EMANUEL TAJTELBAUM, Director

ELEMENT HOMES LIMITED Registered Number 05647654

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 January 2014	2,439,494
Additions	1,500
Disposals	-
Revaluations	(140,994)
Transfers	-
At 30 June 2015	2,300,000
Depreciation
At 1 January 2014	-
Charge for the year	-
On disposals	-
At 30 June 2015	-
Net book values
At 30 June 2015	2,300,000
At 31 December 2013	2,439,494

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	30/06/2015 £	31/12/2013 £
1 A Ordinary share of £1 each	1	1
1 B Ordinary share of £1 each	1	1