Abbreviated Company Accounts - YOFAH ESTATES LIMITED

YOFAH ESTATES LIMITED - Company Information

Registered Number 08253259

YOFAH ESTATES LIMITED

Abbreviated Accounts

31 October 2015

YOFAH ESTATES LIMITED Registered Number 08253259

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	304,500	300,000
		304,500	300,000
Current assets
Debtors		1,519	2,677
Cash at bank and in hand		53	634
		1,572	3,311
Creditors: amounts falling due within one year		(144,700)	(143,498)
Net current assets (liabilities)		(143,128)	(140,187)
Total assets less current liabilities		161,372	159,813
Creditors: amounts falling due after more than one year		(98,363)	(101,127)
Total net assets (liabilities)		63,009	58,686
Capital and reserves
Called up share capital		1	1
Revaluation reserve		41,261	41,261
Profit and loss account		21,747	17,424
Shareholders' funds		63,009	58,686

For the year ending 31 October 2015 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 28 July 2016

And signed on their behalf by:
Mr A Low, Director

YOFAH ESTATES LIMITED Registered Number 08253259

Notes to the Abbreviated Accounts for the period ended 31 October 2015

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.

Turnover policy
Turnover represents rents and similar charges exclusive of VAT.

Other accounting policies
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no provision is made for depreciation in respect of freehold properties or leasehold properties with more than 20 years remaining as investments. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 November 2014	300,000
Additions	4,500
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	304,500
Depreciation
At 1 November 2014	-
Charge for the year	-
On disposals	-
At 31 October 2015	-
Net book values
At 31 October 2015	304,500
At 31 October 2014	300,000