ER Property Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07691380 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 December 2015

for

ER Property Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D P Fox

REGISTERED OFFICE:

88 Boundary Road

Hove

East Sussex

BN3 7GA

REGISTERED NUMBER:

07691380 (England and Wales)

ACCOUNTANTS:

Clamp Boxall Ltd

88 Boundary Road

Hove

East Sussex

BN3 7GA

FIXED ASSETS

Investment property

2

-

650,000

CURRENT ASSETS

Debtors

4,792

6,400

CREDITORS

Amounts falling due within one year

4,791

87,507

NET CURRENT ASSETS/(LIABILITIES)

1

(81,107

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1

568,893

CAPITAL AND RESERVES

Called up share capital

3

1

1

Revaluation reserve

-

484,690

Profit and loss account

-

84,202

SHAREHOLDERS' FUNDS

1

568,893

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 28 September 2016 and were signed by:

D P Fox - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective

January 2015).

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.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2015

650,000

Revaluations

(484,690

)

Reclassification/transfer

(165,310

)

At 31 December 2015

-

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

650,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

1

Ordinary

£1

1

1

4.	RELATED PARTY DISCLOSURES

Dividends totalling £116,290 were paid to ER Property Developments Limited, who is the shareholder of the

company. The company paid £1 ground rent and £3,450 management fees to ER Property Developments

Limited its holding company.

As at 31 December 2015, the company was owed £4,792 by ER Property Developments Limited. This is shown

within other debtors.

On 12 December 2015 ER Property Limited transferred the registered title of the investment property to ER

Property Developments Limited.

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is ER Property Developments Ltd.