Abbreviated Company Accounts - EDGELEY ESTATES LIMITED

EDGELEY ESTATES LIMITED - Company Information

04461607 EDGELEY ESTATES LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 04461607 2015-07-01 2016-06-30 04461607 2016-06-30 04461607 2015-06-30 04461607 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 04461607 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 04461607

EDGELEY ESTATES LIMITED

Abbreviated Accounts

30 June 2016

EDGELEY ESTATES LIMITED Registered Number 04461607

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	3,449,040	2,450,528
		3,449,040	2,450,528
Current assets
Debtors		15,887	10,076
Cash at bank and in hand		21,123	19,370
		37,010	29,446
Creditors: amounts falling due within one year		(427,866)	(432,471)
Net current assets (liabilities)		(390,856)	(403,025)
Total assets less current liabilities		3,058,184	2,047,503
Creditors: amounts falling due after more than one year		(2,117,000)	(2,137,000)
Total net assets (liabilities)		941,184	(89,497)
Capital and reserves
Called up share capital	3	2	2
Revaluation reserve		999,003	0
Profit and loss account		(57,821)	(89,499)
Shareholders' funds		941,184	(89,497)

For the year ending 30 June 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 March 2017

And signed on their behalf by:
Miss J E S Fielding, Director

EDGELEY ESTATES LIMITED Registered Number 04461607

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and Buildings None Provided
Fixtures, Fittings and Equipment 15% Reducing balance
Caravan 25% Reducing balance

Other accounting policies
Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

2Tangible fixed assets

	£
Cost
At 1 July 2015	2,518,164
Additions	2,037
Disposals	-
Revaluations	999,003
Transfers	-
At 30 June 2016	3,519,204
Depreciation
At 1 July 2015	67,636
Charge for the year	2,528
On disposals	-
At 30 June 2016	70,164
Net book values
At 30 June 2016	3,449,040
At 30 June 2015	2,450,528

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

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