Ellward Estates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00957055 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Ellward Estates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

H J Michaels

REGISTERED OFFICE:

73 Eastbury Road

Northwood

Middlesex

HA6 3AP

REGISTERED NUMBER:

00957055 (England and Wales)

FIXED ASSETS

Tangible assets

2

1,264,694

1,279,462

Investments

3

14,356

1,279,050

1,293,818

CURRENT ASSETS

Cash at bank

1,747

13,523

CREDITORS

Amounts falling due within one year

4

73,926

53,331

NET CURRENT LIABILITIES

(72,179

)

(39,808

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,206,871

1,254,010

CREDITORS

Amounts falling due after more than one
year

4

626,334

670,538

NET ASSETS

580,537

583,472

CAPITAL AND RESERVES

Called up share capital

5

100

Revaluation reserve

704,750

Profit and loss account

(124,313

)

(121,378

)

SHAREHOLDERS' FUNDS

580,537

583,472

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 5 July 2016 and were signed by:

H J Michaels - 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).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

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

balance sheet date.

Basis of exemption to not prepare group accounts

The financial statements present the information about the company as an individual undertaking and not about

its group undertaking, in accordance to the small companies exemption under CA 1985 section 249.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

1,466,390

DEPRECIATION

At 1 January 2015

186,928

Charge for year

14,768

At 31 December 2015

201,696

NET BOOK VALUE

At 31 December 2015

1,264,694

At 31 December 2014

1,279,462

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

14,356

NET BOOK VALUE

At 31 December 2015

14,356

At 31 December 2014

14,356

The company's investments at the Balance Sheet date in the share capital of companies include the following:

34 Rutland Gate Limited

Nature of business: rental of property

%

Class of shares:

holding

Ordinary

100.00

4.

CREDITORS

Creditors include an amount of £ 623,550 (31.12.14 - £ 605,550 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary

£1

100

6.	ULTIMATE CONTROLLING PARTY

As at the balance sheet date the company is under the joint control of its shareholders, Mr H. Michaels

(Company Director), Mr G. Michaels (Company Secretary), Mr J. Michaels and Mrs S.Peterson.

7.	VALUATION OF LAND & BUILDINGS

The cost or valuation of land and buildings, under tangible fixed assets, is represented by a valuation of

£704,750 made in 2006.

If freehold land and buildings had not been revalued, they would have been included at £110,250 historical cost

and £3,256 depreciation.

The valuation was carried out by Mr H J Michaels, the company director, based on the open market value at that

time.