Abbreviated Company Accounts - ELLIOT PROPERTY INVESTMENT COMPANY LIMITED

ELLIOT PROPERTY INVESTMENT COMPANY LIMITED - Company Information

01350091 ELLIOT PROPERTY INVESTMENT COMPANY LIMITED 2016-01-27 false 2015-01-28 2016-01-27 true 01350091 2015-01-28 2016-01-27 01350091 2016-01-27 01350091 2015-01-27 01350091 uk-gaap-cd-bus:Director1 2015-01-28 2016-01-27 01350091 uk-gaap-cd-bus:Director2 2015-01-28 2016-01-27 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-28 2016-01-27 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-27 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-27 iso4217:GBP shares

Registered Number 01350091

ELLIOT PROPERTY INVESTMENT COMPANY LIMITED

Abbreviated Accounts

27 January 2016

ELLIOT PROPERTY INVESTMENT COMPANY LIMITED Registered Number 01350091

Abbreviated Balance Sheet as at 27 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	170	335
Investments	3	699,150	653,910
		699,320	654,245
Current assets
Debtors		33,731	40,993
Cash at bank and in hand		49,984	33,956
		83,715	74,949
Creditors: amounts falling due within one year	4	(5,640)	(5,272)
Net current assets (liabilities)		78,075	69,677
Total assets less current liabilities		777,395	723,922
Creditors: amounts falling due after more than one year	4	(197,829)	(197,829)
Provisions for liabilities		(19,453)	(11,932)
Total net assets (liabilities)		560,113	514,161
Capital and reserves
Called up share capital	5	9	9
Revaluation reserve		270,187	232,468
Profit and loss account		289,917	281,684
Shareholders' funds		560,113	514,161

For the year ending 27 January 2016 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 21 October 2016

And signed on their behalf by:
Bruce Hay, Director

ELLIOT PROPERTY INVESTMENT COMPANY LIMITED Registered Number 01350091

Notes to the Abbreviated Accounts for the period ended 27 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in compliance with FRS102.
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets and liabilities and investment properties measured at fair value.
The entity has transitioned from previous IK GAAP to FRS 102 as at 28th January 2015.

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable for services rendered.

Tangible assets depreciation policy
25% RBB

2Tangible fixed assets

	£
Cost
At 28 January 2015	24,847
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 27 January 2016	24,847
Depreciation
At 28 January 2015	24,512
Charge for the year	165
On disposals	-
At 27 January 2016	24,677
Net book values
At 27 January 2016	170
At 27 January 2015	335

3Fixed assets Investments
Market value b/fwd £653,910
Revaluation in the year £45,240
Market value c/fwd £699,150

It is the company's policy that the directors value the properties on an annual basis at market value. The estimated market value at 27th January 2016 was £699,150.

4Creditors

	2016 £	2015 £
Secured Debts	197,829	197,829

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
9 A Ordinary shares of £1 each	9	9