Abbreviated Company Accounts - ENFIELD ISLAND VILLAGE TRUST

ENFIELD ISLAND VILLAGE TRUST - Company Information

Registered Number 03415138

ENFIELD ISLAND VILLAGE TRUST

Abbreviated Accounts

31 March 2016

ENFIELD ISLAND VILLAGE TRUST Registered Number 03415138

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	321,815	329,847
		321,815	329,847
Current assets
Debtors		178,264	206,426
Cash at bank and in hand		264,838	247,705
		443,102	454,131
Creditors: amounts falling due within one year		(118,258)	(10,189)
Net current assets (liabilities)		324,844	443,942
Total assets less current liabilities		646,659	773,789
Total net assets (liabilities)		646,659	773,789
Reserves
Other reserves		646,659	773,789
Members' funds		646,659	773,789

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 28 December 2016

And signed on their behalf by:
Vincent Green, Director

ENFIELD ISLAND VILLAGE TRUST Registered Number 03415138

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with applicable United Kingdom accounting standards, the Statement of Recommended Practice (SORP FRSSE) (effective January 2015), the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015) and the Charities Act 2011

Tangible assets depreciation policy
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value , over their expected useful lives on the following basis:
Fixtures and Fittings 12.5% straight line
Motor Vehicles 3 years
Investment properties are included in the balance sheet at their open market value.

Other accounting policies
Cash Flow Statement
The Trustees have taken advantage of the exemption in Financial Reporting Standard 1 from including a cash flow statement in the financial statements on the grounds that the ENFIELD ISLAND VILLAGE TRUST is small.

Incoming Resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.

Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 April 2015	339,994
Additions	769
Disposals	(3,166)
Revaluations	-
Transfers	-
At 31 March 2016	337,597
Depreciation
At 1 April 2015	10,147
Charge for the year	6,031
On disposals	(396)
At 31 March 2016	15,782
Net book values
At 31 March 2016	321,815
At 31 March 2015	329,847