Elizabeth Leisure Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02725656 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

Elizabeth Leisure Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R W Cattermole

J W Cattermole

REGISTERED OFFICE:

Merchant House

33 Fore Street

Ipswich

Suffolk

IP4 1JL

REGISTERED NUMBER:

02725656 (England and Wales)

ACCOUNTANTS:

The Mudd Partnership

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Investment property

2

269,000

266,432

CURRENT ASSETS

Debtors

122,836

123,654

Cash at bank

18,829

21,266

141,665

144,920

CREDITORS

Amounts falling due within one year

241,599

249,456

NET CURRENT LIABILITIES

(99,934

)

(104,536

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

169,066

161,896

CAPITAL AND RESERVES

Called up share capital

3

100

Investment property reserve

235,583

233,015

Profit and loss account

(66,617

)

(71,219

)

SHAREHOLDERS' FUNDS

169,066

161,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 9 November 2016 and were signed on its behalf
by:

R W Cattermole - 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).

Turnover

The turnover shown in the profit and loss account represents rents receivable during the year, exclusive of Value

Added Tax.

Investment property

Investment properties are included in the balance sheet at their open market value in accordance with Statement

of Standard Accounting Practice 19 and are not depreciated. This treatment is contrary to the Companies Act

2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order

to give a true and fair view of the financial position of the company.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on

timing differences which result in an obligation to to pay more (or a right to pay less) tax at a future, at the tax

rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 July 2015

266,432

Revaluations

2,568

At 30 June 2016

269,000

NET BOOK VALUE

At 30 June 2016

269,000

At 30 June 2015

266,432

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

100

Ordinary

£1

100