Abbreviated Company Accounts - ESSJAY FLATS LIMITED

Abbreviated Company Accounts - ESSJAY FLATS LIMITED

ESSJAY FLATS LIMITED - Company Information

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Registered Number 00684949

ESSJAY FLATS LIMITED

Abbreviated Accounts

31 August 2015

ESSJAY FLATS LIMITED Registered Number 00684949

Abbreviated Balance Sheet as at 31 August 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 12,995 7,281
12,995 7,281
Current assets
Debtors 13,565 1,852
Cash at bank and in hand 5,240 9,527
18,805 11,379
Creditors: amounts falling due within one year (9,369) (2,994)
Net current assets (liabilities) 9,436 8,385
Total assets less current liabilities 22,431 15,666
Total net assets (liabilities) 22,431 15,666
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 22,331 15,566
Shareholders' funds 22,431 15,666
  • For the year ending 31 August 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 4 August 2016

And signed on their behalf by:
ELAINE RENSHAW, Director

ESSJAY FLATS LIMITED Registered Number 00684949

Notes to the Abbreviated Accounts for the period ended 31 August 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
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings -10% on cost

Furniture and television - 20% on cost

No depreciation has been provided for on the freehold property.

Other accounting policies
Investment properties

The company's investment property is included in the Balance sheet at historical cost. This is not in accordance with the requirements of Statement of Standard Accounting Practice No.19 which requires such properties to be stated at their open market value.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

2Tangible fixed assets
£
Cost
At 1 September 2014 9,508
Additions 5,714
Disposals -
Revaluations -
Transfers -
At 31 August 2015 15,222
Depreciation
At 1 September 2014 2,227
Charge for the year -
On disposals -
At 31 August 2015 2,227
Net book values
At 31 August 2015 12,995
At 31 August 2014 7,281

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
100 Ordinary shares of £1 each 100 100