Evenacre Colmore Row Limited - Period Ending 2014-03-31

Registration number: 06841860

Evenacre Colmore Row Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Evenacre Colmore Row Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Evenacre Colmore Row Limited
(Registration number: 06841860)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Current assets
Stocks					1,800,000			1,800,000
Debtors					218,905			212,239
Cash at bank and in hand					100			100
					2,019,005			2,012,339
Creditors: Amounts falling due within one year					(1,932,277)			(135,449)
Total assets less current liabilities					86,728			1,876,890
Creditors: Amounts falling due after more than one year					-			(1,817,140)
Net assets					86,728			59,750
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					86,628			59,650
Shareholders' funds					86,728			59,750

For the year ending 31 March 2014 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 24 September 2014 and signed on its behalf by:

P F Jones
Director

The notes on page 2 form an integral part of these financial statements.
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Evenacre Colmore Row Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts invoiced, excluding value added tax, in respect of the sale of property developments and property dealing.

Stocks

Stocks comprise of property developments in progress and completed property developments held for sale. These are stated at cost less, if appropiate, foreseeable losses. No account has been taken in the financial statements of the potential additional investment values of the projects when completed. Interest on property development loan finance is accounted for as an expense of the period in which it is incurred. Rental income and lease premiums receivable attributable to completed properties held for sale are credited to the profit and loss account in the period in which they arise.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2014 £			2013 £
Amounts falling due within one year		1,764,658			43,358
Amounts falling due after more than one year		-			1,817,140
Total secured creditors		1,764,658			1,860,498

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

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