Vertex Estates Ltd - Limited company - abbreviated

REGISTERED NUMBER: 02246192 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Vertex Estates Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R V Douglas

REGISTERED OFFICE:

Deepdene

Bagshot Road

West End

Woking

Surrey

GU24 9QR

REGISTERED NUMBER:

02246192 (England and Wales)

ACCOUNTANTS:

Crick Heitman

Chartered Certified Accountants

2 Clarendon Road

Ashford

Middlesex

TW15 2QE

FIXED ASSETS

Tangible assets

2

1

Investment property

3

221,598

221,599

CURRENT ASSETS

Debtors

80

1,415

Cash at bank

10,183

11,617

10,263

13,032

CREDITORS

Amounts falling due within one year

91,085

89,959

NET CURRENT LIABILITIES

(80,822

)

(76,927

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

140,777

144,672

CREDITORS

Amounts falling due after more than one
year

4

70,700

NET ASSETS

70,077

73,972

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

70,075

73,970

SHAREHOLDERS' FUNDS

70,077

73,972

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 6 November 2015 and were signed by:

R V Douglas - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on the going concern basis despite the Balance Sheet showing net current

liabilities £80,822. The director is confidence that the company can pay its liabilities as they fall due.

The director has confirmed that he will subordinate the repayment of the loans due to him to that of other current

creditors. The bank has not withdrawn its funding.

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

The turnover shown in the profit and loss account represents amounts invoiced during the year. In respect of

long-term contracts and contracts for on-going services, turnover represents the value of work done in the year,

including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for

on-going services is recognised by reference to the stage of completion.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 15% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

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

At 1 April 2014

and 31 March 2015

2,474

DEPRECIATION

At 1 April 2014

and 31 March 2015

2,473

NET BOOK VALUE

At 31 March 2015

1

At 31 March 2014

1

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2014

and 31 March 2015

221,598

NET BOOK VALUE

At 31 March 2015

221,598

At 31 March 2014

221,598

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.15

31.3.14

£

Repayable otherwise than by instalments

70,700

5.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

2

Share capital 1

£1

2

2 Ordinary shares of £1 were issued during the year for cash of £ 2 .

Vertex Estates Ltd - Limited company - abbreviated - 11.9

Vertex Estates Ltd - Limited company - abbreviated - 11.9