Erinvale Developments Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04387322 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

ERINVALE DEVELOPMENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G Seeds

C J Seeds

SECRETARY:

G Seeds

REGISTERED OFFICE:

2 Leonard Place

Westerham Road

Keston

Kent

BR2 6HQ

REGISTERED NUMBER:

04387322 (England and Wales)

ACCOUNTANTS:

Maths Partnership

1 Brook Court

Blakeney Road

Beckenham

Kent

BR3 1HG

FIXED ASSETS

Tangible assets

2

770

1,028

Investments

3

50

820

1,078

CURRENT ASSETS

Stocks

110

11,407

Debtors

242,042

239,514

Cash at bank

63,532

19,701

305,684

270,622

CREDITORS

Amounts falling due within one year

121,785

69,011

NET CURRENT ASSETS

183,899

201,611

TOTAL ASSETS LESS CURRENT
LIABILITIES

184,719

202,689

PROVISIONS FOR LIABILITIES

-

206

NET ASSETS

184,719

202,483

CAPITAL AND RESERVES

Called up share capital

4

999

Profit and loss account

183,720

201,484

SHAREHOLDERS' FUNDS

184,719

202,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 28 October 2016 and were signed on its behalf by:

G Seeds - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or

to receive more tax, with the following exception:

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will

be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing

differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

30,290

DEPRECIATION

At 1 April 2015

29,262

Charge for year

258

At 31 March 2016

29,520

NET BOOK VALUE

At 31 March 2016

770

At 31 March 2015

1,028

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

50

NET BOOK VALUE

At 31 March 2016

50

At 31 March 2015

50

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

Erinvale Properties Limited

Nature of business: Property developer

%

Class of shares:

holding

"A" Ordinary

50.00

31.3.16

31.3.15

£

Aggregate capital and reserves

1,621,403

1,179,510

Profit for the year

521,893

86,910

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

999

Ordinary

£1

999

5.	ULTIMATE PARENT COMPANY

Erinvale Group Limited is regarded by the directors as being the company's ultimate parent company.

6.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.