Escape Properties Limited - Period Ending 2015-08-31
Escape Properties Limited - Period Ending 2015-08-31
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Escape Properties Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Escape Properties Limited
for the Year Ended 31 August 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Escape Properties Limited for the year ended 31 August 2015 set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Escape Properties Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Escape Properties Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Escape Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Escape Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Escape Properties Limited. You consider that Escape Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Escape Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG
6 November 2015
Escape Properties Limited
(Registration number: 06998000)
Abbreviated Balance Sheet at 31 August 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets/(liabilities) |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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Mr R Ingham
Director
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Mr P Ashton
Director
2
Escape Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Amortisation
Amortisation is provided on intagnible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Website development |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Research and development
Deferred tax
Hire purchase and leasing
Financial instruments
Turnover represents amounts chargeable in respect of the provision of services to customers.
Escape Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 September 2014 |
960 |
2,000 |
2,960 |
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At 31 August 2015 |
960 |
2,000 |
2,960 |
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Depreciation |
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At 1 September 2014 |
960 |
1,113 |
2,073 |
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Charge for the year |
- |
133 |
133 |
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At 31 August 2015 |
960 |
1,246 |
2,206 |
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Net book value |
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At 31 August 2015 |
- |
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At 31 August 2014 |
- |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Related party transactions |
Directors' advances and credits |
2015 |
2015 |
2014 |
2014 |
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Mr R Ingham |
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8,721 |
11,372 |
Mr P Ashton |
Escape Properties Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued
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11,552 |
10,023 |