Abbreviated Company Accounts - HORNSEY ESTATES LIMITED

HORNSEY ESTATES LIMITED - Company Information

04680088 HORNSEY ESTATES LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04680088 2015-04-01 2016-03-31 04680088 2016-03-31 04680088 2015-03-31 04680088 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04680088 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04680088

HORNSEY ESTATES LIMITED

Abbreviated Accounts

31 March 2016

HORNSEY ESTATES LIMITED Registered Number 04680088

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,219,758	2,219,880
		2,219,758	2,219,880
Current assets
Debtors		28,716	395,048
Cash at bank and in hand		51,487	30,187
		80,203	425,235
Creditors: amounts falling due within one year		(1,495,217)	(1,888,705)
Net current assets (liabilities)		(1,415,014)	(1,463,470)
Total assets less current liabilities		804,744	756,410
Total net assets (liabilities)		804,744	756,410
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		804,742	756,408
Shareholders' funds		804,744	756,410

For the year ending 31 March 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 December 2016

And signed on their behalf by:
DANIEL FLUSS, Director

HORNSEY ESTATES LIMITED Registered Number 04680088

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% Reducing balance

Other accounting policies
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets

	£
Cost
At 1 April 2015	2,224,275
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	2,224,275
Depreciation
At 1 April 2015	4,395
Charge for the year	122
On disposals	-
At 31 March 2016	4,517
Net book values
At 31 March 2016	2,219,758
At 31 March 2015	2,219,880

All fixed assets were initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2