EVERON_GROUP_LIMITED - Accounts

EVERON GROUP LIMITED - Company Information

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Company Registration No. 00504608 (England and Wales)

EVERON GROUP LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

EVERON GROUP LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

EVERON GROUP LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

6,408,452

5,812,576

Investments

229,582

170,130

6,638,034

5,982,706

Current assets

Debtors

20,641

18,083

Cash at bank and in hand

593,589

607,367

614,230

625,450

Creditors: amounts falling due within one year

(408,723)

(335,086)

Net current assets

205,507

290,364

Total assets less current liabilities

6,843,541

6,273,070

Creditors: amounts falling due after more than one year

(859,885)

(891,745)

5,983,656

5,381,325

Capital and reserves

Called up share capital

5,000

Revaluation reserve

3,223,880

2,638,080

Profit and loss account

2,754,776

2,738,245

Shareholders' funds

5,983,656

5,381,325

EVERON GROUP LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2015

- 2 -

For the financial year ended 30 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 12 October 2015

J E Admoni

G R Ornstein

Director

Company Registration No. 00504608

EVERON GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 3 -

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 rents receivable for the year.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Straight line over length of lease

Fixtures, fittings & equipment

20% Reducing balance

Motor vehicles

20% Reducing balance

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.

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

EVERON GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2015

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 May 2014

5,878,013

371,850

6,249,863

Additions

29,000

Revaluation

585,800

Disposals

(24,074)

At 30 April 2015

6,468,739

371,850

6,840,589

Depreciation

At 1 May 2014

65,437

201,720

267,157

On disposals

(17,763)

Charge for the year

12,613

(59,452)

(46,839)

At 30 April 2015

60,287

142,268

202,555

Net book value

At 30 April 2015

6,408,452

229,582

6,638,034

At 30 April 2014

5,812,576

170,130

5,982,706

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Participating interests

Carson Properties Limited

United Kingdom

Ordinary

33.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Carson Properties Limited

Investment Property

(695,702)

(25,157)

EVERON GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2015

- 5 -

Creditors: amounts falling due within one year

Included in creditors is a bank loan of £0.0000 (2010 - £0.0000) which is secured by a mortgage debenture over all the company's assets.

Share capital

2015

2014

Allotted, called up and fully paid

3,250 Ordinary Shares of £1 each

3,250

1,750 'A' Ordinary Shares of £1 each

1,750

5,000