Abbreviated Company Accounts - ELMBURY DEVELOPMENTS LIMITED

ELMBURY DEVELOPMENTS LIMITED - Company Information

01251591 ELMBURY DEVELOPMENTS LIMITED 2013-10-31 false 2012-11-01 2013-10-31 true 01251591 2012-11-01 2013-10-31 01251591 2013-10-31 01251591 2012-10-31 01251591 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 01251591 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 01251591

ELMBURY DEVELOPMENTS LIMITED

Abbreviated Accounts

31 October 2013

ELMBURY DEVELOPMENTS LIMITED Registered Number 01251591

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	24,607	17,580
		24,607	17,580
Current assets
Stocks		2,950	2,950
Debtors		13,312	13,080
Cash at bank and in hand		14,143	8,093
		30,405	24,123
Creditors: amounts falling due within one year		(28,877)	(16,290)
Net current assets (liabilities)		1,528	7,833
Total assets less current liabilities		26,135	25,413
Provisions for liabilities		(4,235)	(2,673)
Total net assets (liabilities)		21,900	22,740
Capital and reserves
Called up share capital	3	150	150
Share premium account		19,950	19,950
Other reserves		30	30
Profit and loss account		1,770	2,610
Shareholders' funds		21,900	22,740

For the year ending 31 October 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 6 June 2014

And signed on their behalf by:
R F Hall Jones, Director

ELMBURY DEVELOPMENTS LIMITED Registered Number 01251591

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

The company can continue to be a going concern with the continued support of its Directors.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT. Turnover is recognised when the goods are physically delivered or service is provided.

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

Fixtures, fittings & equipment - 12.5%, 20% and 33.3% straight line

Valuation information and policy
Stock -
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell.

Other accounting policies
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).

Leasing -
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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.

Deferred taxation -
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

Group accounts -
The financial statements present information about the company as an individual undertaking and not about its group. The company has not prepared group accounts as it is exempt from the requirement to do so by section 228 of the Companies Act 2006.

Related Party Relationships and Transactions - Other Transactions -
During the year the company paid rent of £12,600 (2012 - £12,600) and dividends totalling £14,000 (2012 - £13,460) to Elmbury Rock Limited, the controlling party. There were no amounts outstanding between the parties as at the year end (2012 - £nil).

2Tangible fixed assets

	£
Cost
At 1 November 2012	130,514
Additions	11,000
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	141,514
Depreciation
At 1 November 2012	112,934
Charge for the year	3,973
On disposals	-
At 31 October 2013	116,907
Net book values
At 31 October 2013	24,607
At 31 October 2012	17,580

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
150 Ordinary shares of £1 each	150	150

Ultimate parent company -
The company is controlled by its holding company, Elmbury Rock Limited (a company incorporated in England and Wales), which owns 67% of the ordinary issued share capital.