Abbreviated Company Accounts - ESSJAY FLATS (HAMPSTEAD) LIMITED

Abbreviated Company Accounts - ESSJAY FLATS (HAMPSTEAD) LIMITED

ESSJAY FLATS (HAMPSTEAD) LIMITED - Company Information

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Registered Number 00706333

ESSJAY FLATS (HAMPSTEAD) LIMITED

Abbreviated Accounts

31 August 2016

ESSJAY FLATS (HAMPSTEAD) LIMITED Registered Number 00706333

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 679,684 680,151
679,684 680,151
Current assets
Debtors 1,358 1,373
Cash at bank and in hand 74,062 88,247
75,420 89,620
Creditors: amounts falling due within one year (11,089) (3,549)
Net current assets (liabilities) 64,331 86,071
Total assets less current liabilities 744,015 766,222
Total net assets (liabilities) 744,015 766,222
Capital and reserves
Called up share capital 3 102 102
Profit and loss account 743,913 766,120
Shareholders' funds 744,015 766,222
  • For the year ending 31 August 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 8 March 2017

And signed on their behalf by:
JONATHAN RENSHAW, Director

ESSJAY FLATS (HAMPSTEAD) LIMITED Registered Number 00706333

Notes to the Abbreviated Accounts for the period ended 31 August 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:

Equipment - 20% straight line

Other accounting policies
Investment properties

The company's investment property is included in the Balance sheet at historical cost. This is not in accordance with the requirements of Statement of Standard Accounting Practice No.19 which requires such properties to be stated at their open market value.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

2Tangible fixed assets
£
Cost
At 1 September 2015 681,940
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2016 681,940
Depreciation
At 1 September 2015 1,789
Charge for the year 467
On disposals -
At 31 August 2016 2,256
Net book values
At 31 August 2016 679,684
At 31 August 2015 680,151

No provision has been made for depreciation of long leasehold buildings.

3Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
101 Ordinary A shares of £1 each 101 101
1 Ordinary B share of £1 each 1 1