Eastern Property Management Company Limi - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01632336 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st March 2015

for

Eastern Property Management Company

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G M Tattersall

M P Tattersall

SECRETARY:

G M Tattersall

REGISTERED OFFICE:

Boys British School

East Street

Saffron Walden

Essex

CB10 1LS

REGISTERED NUMBER:

01632336 (England and Wales)

ACCOUNTANTS:

Farries Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

FIXED ASSETS

Tangible assets

2

32,255

41,028

CURRENT ASSETS

Debtors

68,668

42,911

Cash at bank and in hand

471,264

376,185

539,932

419,096

CREDITORS

Amounts falling due within one year

(377,105

)

(350,803

)

NET CURRENT ASSETS

162,827

68,293

TOTAL ASSETS LESS CURRENT LIABILITIES

195,082

109,321

CAPITAL AND RESERVES

Called up share capital

3

100

100

Other reserves

(250,000

)

(250,000

)

Profit and loss account

444,982

359,221

SHAREHOLDERS' FUNDS

195,082

109,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 24th December 2015 and were signed on its behalf by:

M P Tattersall - 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 net invoiced sales of goods, excluding value added tax.

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 reducing balance, 20% on reducing balance and 15% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

151,515

Additions

12,452

Disposals

(11,500

)

At 31st March 2015

152,467

DEPRECIATION

At 1st April 2014

110,487

Charge for year

9,725

At 31st March 2015

120,212

NET BOOK VALUE

At 31st March 2015

32,255

At 31st March 2014

41,028

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in Other Creditors due within one year is £38,677 (2014:£43,694) due to the company Directors.