Abbreviated Company Accounts - ERNA MOSTYN LIMITED

ERNA MOSTYN LIMITED - Company Information

00833352 ERNA MOSTYN LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 00833352 2014-04-01 2015-03-31 00833352 2015-03-31 00833352 2014-03-31 00833352 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 00833352 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 00833352

ERNA MOSTYN LIMITED

Abbreviated Accounts

31 March 2015

ERNA MOSTYN LIMITED Registered Number 00833352

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	372,727	372,727
		372,727	372,727
Current assets
Stocks		288,629	288,629
Debtors		35,477	66,953
Cash at bank and in hand		262,481	231,434
		586,587	587,016
Creditors: amounts falling due within one year	3	(109,460)	(131,775)
Net current assets (liabilities)		477,127	455,241
Total assets less current liabilities		849,854	827,968
Total net assets (liabilities)		849,854	827,968
Capital and reserves
Called up share capital	4	3,000	3,000
Profit and loss account		846,854	824,968
Shareholders' funds		849,854	827,968

For the year ending 31 March 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 24 November 2015

And signed on their behalf by:
A R Rubens, Director

ERNA MOSTYN LIMITED Registered Number 00833352

Notes to the Abbreviated Accounts for the period ended 31 March 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.

Turnover policy
Turnover comprises rents receivable in the period.

Tangible assets depreciation policy
In accordance with SSAP19 no depreciation is provided in respect of freehold and leasehold investment properties with over 20 years to expire. This is a departure from the requirements of the Companies Act 1985, which required all properties to be depreciated. Such properties are not held for consumption but for investment purposes, and the director considers that to depreciate them would not give a true and fair view.

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and am appropriate proportion of fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 April 2014	372,727
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	372,727
Depreciation
At 1 April 2014	-
Charge for the year	-
On disposals	-
At 31 March 2015	-
Net book values
At 31 March 2015	372,727
At 31 March 2014	372,727

3Creditors

	2015 £	2014 £
Secured Debts	45,307	45,307

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
3,000 Ordinary shares of £1 each	3,000	3,000