ELTON_SHEEPWALK_LIMITED - Accounts

ELTON SHEEPWALK LIMITED - Company Information

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Company Registration No. 06365186 (England and Wales)

ELTON SHEEPWALK LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

ELTON SHEEPWALK LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

ELTON SHEEPWALK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

300,000

270,000

Current assets

Debtors

3,060

3,773

Cash at bank and in hand

903

7,263

3,963

11,036

Creditors: amounts falling due within one year

(243,960)

(1,296,606)

Net current liabilities

(239,997)

(1,285,570)

Total assets less current liabilities

60,003

(1,015,570)

Capital and reserves

Called up share capital

200

Revaluation reserve

70,000

40,000

Profit and loss account

(10,197)

(1,055,770)

Shareholders' funds

60,003

(1,015,570)

For the financial year ended 31 December 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 19 May 2016

R. A. Oliver

Director

Company Registration No. 06365186

ELTON SHEEPWALK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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

Tangible fixed assets and depreciation

Land and buildings Freehold

Nil

The land and buildings consist of a stone barn and two derelict cottages and therefore the property is not considered to depreciate.

Fixed assets

Tangible assets

Cost or valuation

At 1 January 2015

270,000

Revaluation

30,000

At 31 December 2015

300,000

At 31 December 2014

270,000

Share capital

2015

2014

Allotted, called up and fully paid

200 Ordinary shares of £1 each

200