Rees Elliott Eastgate Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05735640 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st December 2015

for

REES ELLIOTT EASTGATE LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

M J Rees

J S Rees

REGISTERED OFFICE:

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

REGISTERED NUMBER:

05735640 (England and Wales)

ACCOUNTANTS:

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages three to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Rees Elliott Eastgate Limited for the year ended 31st December 2015 which comprise the Profit and Loss Account,

the Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Rees Elliott Eastgate Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rees Elliott Eastgate Limited and state those matters that we have agreed to state to the Board of Directors of Rees Elliott Eastgate Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rees Elliott Eastgate Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rees Elliott Eastgate Limited. You consider that Rees Elliott Eastgate Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rees Elliott Eastgate Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Simpson Wreford & Partners

Chartered Accountants

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

30th August 2016

CURRENT ASSETS

Stocks

600,000

Debtors

4,383

5,640

Cash at bank

34,328

23,567

638,711

629,207

CREDITORS

Amounts falling due within one year

4,171

3,351

NET CURRENT ASSETS

634,540

625,856

TOTAL ASSETS LESS CURRENT LIABILITIES

634,540

625,856

CREDITORS

Amounts falling due after more than one year

2,234,037

NET LIABILITIES

(1,599,497

)

(1,608,181

)

CAPITAL AND RESERVES

Called up share capital

2

1

Profit and loss account

(1,599,498

)

(1,608,182

)

SHAREHOLDERS' FUNDS

(1,599,497

)

(1,608,181

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2015 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 30th August 2016 and were signed on its behalf by:

J S Rees - 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 April 2008).

Going concern

The accounts have been drawn up on a going concern basis as the directors of this company intend to continue providing

financial support to the company by way of loans to enable creditors to be paid when debts fall due for payment.

Stocks and turnover

Long term contracts are assessed on a contract-by-contract basis and are stated at net cost less foreseeable losses less

any applicable payments on account.

The amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of work to

date. Attributable profit is recognised as the difference between recorded turnover and related costs. Turnover is only

recognised in respect of long term contracts where the outcome can be assessed with reasonable certainty.

Turnover also includes amounts receivable for property rental services, net of VAT and trade discounts.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

1

Ordinary

£1

1