ELLESWORTH_PROPERTY_COMPA - Accounts

ELLESWORTH PROPERTY COMPANY LIMITED - Company Information

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Company Registration No. 00352995 (England and Wales)

ELLESWORTH PROPERTY COMPANY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2015

ELLESWORTH PROPERTY COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ELLESWORTH PROPERTY COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

5 APRIL 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,803,444

1,803,611

Current assets

Debtors

1,276

642

Cash at bank and in hand

23,888

12,731

25,164

13,373

Creditors: amounts falling due within one year

(8,191)

(7,656)

Net current assets

16,973

5,717

Total assets less current liabilities

1,820,417

1,809,328

Capital and reserves

Called up share capital

Revaluation reserve

1,776,501

Other reserves

20,038

Profit and loss account

23,848

12,759

Shareholders' funds

1,820,417

1,809,328

For the financial year ended 5 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 29 October 2015

Mrs Margaret Husband

Director

Company Registration No. 00352995

ELLESWORTH PROPERTY COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 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 gross rental income receivable.

1.4

Tangible fixed assets and depreciation

Furniture and fixtures

10 % on cost

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost or valuation

At 6 April 2014 & at 5 April 2015

1,820,556

Depreciation

At 6 April 2014

16,945

Charge for the year

167

At 5 April 2015

17,112

Net book value

At 5 April 2015

1,803,444

At 5 April 2014

1,803,611

ELLESWORTH PROPERTY COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

30 Ordinary shares of £1 each