Company Registration No. 00592762 (England and Wales)
EASTDENE INVESTMENTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
EASTDENE INVESTMENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
EASTDENE INVESTMENTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
as restated
Notes
£
£
£
£
Fixed assets
Investments
2
3,603
56,253
Current assets
Cash at bank and in hand
290,855
226,853
Creditors: amounts falling due within one year
(47,132)
(46,952)
Net current assets
243,723
179,901
Total assets less current liabilities
247,326
236,154
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
246,326
235,154
Shareholders' funds
247,326
236,154
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 5 January 2017
Mr D Z Lopian
Director
Company Registration No. 00592762
EASTDENE INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents share of net rent received.
1.3
Tangible fixed assets and depreciation
The company has an interest in a property syndicate which is owned alongside other investors. This property interest is stated at the net cost of participation plus accumulated surpluses less deficiencies and drawings from this interest. No revaluation of the underlying property has been reflected in the accounts.
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Revenue recognition
Rental income is recognised on an accruals basis.
2
Fixed assets
Investments
£
Cost
At 1 May 2015
100,596
Revaluation
(52,650)
At 30 April 2016
47,946
Depreciation
At 1 May 2015 & at 30 April 2016
44,343
Net book value
At 30 April 2016
3,603
At 30 April 2015
56,253
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
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