Elmscoombe Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02453056 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

ELMSCOOMBE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Marsh

J Grochowski

SECRETARY:

J Marsh

REGISTERED OFFICE:

10 the triangle

ng2 business park

nottingham

Nottinghamshire

NG2 1AE

REGISTERED NUMBER:

02453056 (England and Wales)

ACCOUNTANTS:

tcp chartered accountants

10 the triangle

ng2 business park

nottingham

NG2 1AE

FIXED ASSETS

Tangible assets

2

-

50,980

Investment property

3

-

76,250

-

127,230

CURRENT ASSETS

Cash at bank

257,174

5,274

CREDITORS

Amounts falling due within one year

73,188

7,219

NET CURRENT ASSETS/(LIABILITIES)

183,986

(1,945

)

TOTAL ASSETS LESS CURRENT LIABILITIES

183,986

125,285

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

183,886

125,185

SHAREHOLDERS' FUNDS

183,986

125,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 22 June 2016 and were signed on its behalf by:

J Grochowski - Director

J Marsh - 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 January 2015).

The effect of events relating to the period ended 31 March 2016 which occurred before the date of approval of the financial

statements by the Board of Directors, have been included in the statements to the extent required to show a true and fair view

of the state of affairs at the period end and of the results for the period ended on that date.

Revenue recognition

Turnover represents net rents received, excluding value added tax.

Tangible fixed assets

The fixed assets includes land which has not been depreciated in accordance with general accounting practice.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value

is transferred to a revaluation reserve.

Investment properties are revalued annually and included in the balance sheet at their open market value. In accordance with

SSAP 19, no depreciation is provided in respect of investment properties. This represents a departure from the Companies Act

1985 requirement concerning the depreciation of fixed assets. Had SSAP 19 not been followed the depreciation charge for the

financial year would not have been material. This is because the estimated residual values of the properties would not be

materially different from the carrying amounts.

Deferred tax

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

50,980

Disposals

(50,980

)

At 31 March 2016

-

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

50,980

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2015

76,250

Disposals

(76,250

)

At 31 March 2016

-

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

76,250

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2016

2015

value:

£

25

Share capital 2

£1

25

Share capital 3

£1

25

Share capital 4

£1

25

Share capital 5

£1

25

100