CENTRAL_ESTATES_(SALES)_L - Accounts

CENTRAL ESTATES (SALES) LIMITED - Company Information

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Company Registration No. 02879963 (England and Wales)

CENTRAL ESTATES (SALES) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

CENTRAL ESTATES (SALES) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CENTRAL ESTATES (SALES) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

3,504

3,134

Investments

120,600

124,104

123,734

Current assets

Debtors

45,509

25,157

Cash at bank and in hand

259,555

173,051

305,064

198,208

Creditors: amounts falling due within one year

(116,910)

(70,432)

Net current assets

188,154

127,776

Total assets less current liabilities

312,258

251,510

Capital and reserves

Called up share capital

100

Profit and loss account

312,158

251,410

Shareholders' funds

312,258

251,510

For the financial year ended 31 January 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 19 October 2015

M Georgiou

Director

Company Registration No. 02879963

CENTRAL ESTATES (SALES) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

- 2 -

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).

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 commission and fees receivable net of VAT and trade discounts.

1.4

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:

Computer equipment

3 years straight line

Fixtures, fittings & equipment

15% reducing balance

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

CENTRAL ESTATES (SALES) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2015

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 February 2014

17,124

120,600

137,724

Additions

1,310

At 31 January 2015

18,434

120,600

139,034

Depreciation

At 1 February 2014

13,990

Charge for the year

940

At 31 January 2015

14,930

Net book value

At 31 January 2015

3,504

120,600

124,104

At 31 January 2014

3,134

120,600

123,734

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Participating interests

Central Estates Lettings Limited

England

Ordinary

50.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Central Estates Lettings Limited

Residential letting agents

(47,246)

69,215

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100