Equity Let Ltd


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Company Registration No. 04459686 (England and Wales)
Equity Let Ltd Abbreviated unaudited accounts for the year ended 5 April 2016
Equity Let Ltd Abbreviated Balance Sheet as at 5 April 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
104,995 
62,178 
Current assets
Cash at bank and in hand
19,143 
16,851 
Creditors: amounts falling due within one year
(965)
(626)
Net current assets
18,178 
16,225 
Total assets less current liabilities
123,173 
78,403 
Creditors: amounts falling due after more than one year
(76,283)
(76,233)
Net assets
46,890 
2,170 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
42,817 
- 
Profit and loss account
4,071 
2,168 
Total shareholders' funds
46,890 
2,170 
For the year ending 5 April 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 3 January 2016
Howard Reuben Director Company Registration No. 04459686
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Equity Let Ltd Notes to the Abbreviated Accounts for the year ended 5 April 2016
1
Accounting policies
Basis of preparation
The accounts 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 the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0%
2
Tangible fixed assets
£ 
Cost
At 6 April 2015
62,178 
Revaluations
42,817 
At 5 April 2016
104,995 
Depreciation
At 5 April 2016
- 
Net book value
At 5 April 2016
104,995 
At 5 April 2015
62,178 
3
Share capital
2016 
2015 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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