High Cross Estates Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 00237141 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

HIGH CROSS ESTATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C Ellis

Mrs P Bishop

J F Chamberlain

SECRETARY:

C Ellis

REGISTERED OFFICE:

13 Ducketts Wharf

South Street

Bishop's Stortford

Hertfordshire

CM23 3AR

REGISTERED NUMBER:

00237141 (England and Wales)

ACCOUNTANTS:

Hobday & Company

Chartered Accountants

35a High Street

Potters Bar

Hertfordshire

EN6 5AJ

FIXED ASSETS

Tangible assets

2

21,476

741

CURRENT ASSETS

Stocks

3,417,409

3,390,409

Debtors

14,836

9,274

Cash at bank

237,133

99,039

3,669,378

3,498,722

CREDITORS

Amounts falling due within one year

702,080

668,413

NET CURRENT ASSETS

2,967,298

2,830,309

TOTAL ASSETS LESS CURRENT LIABILITIES

2,988,774

2,831,050

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

2,987,774

2,830,050

SHAREHOLDERS' FUNDS

2,988,774

2,831,050

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 directors acknowledge their 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 Board of Directors on 14 October 2015 and were signed on its behalf by:

C Ellis - Director

1.	ACCOUNTING POLICIES

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

Turnover represents gross rents received and profits on properties sold.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stock of properties is at valuation in 1945 with subsequent additions at cost.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

35,810

Additions

28,547

Disposals

(22,648

)

At 31 March 2015

41,709

DEPRECIATION

At 1 April 2014

35,069

Charge for year

7,812

Eliminated on disposal

(22,648

)

At 31 March 2015

20,233

NET BOOK VALUE

At 31 March 2015

21,476

At 31 March 2014

741

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

1,000

Ordinary

£1

1,000

1,000