Eliot Developments (Charlestown) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08978179 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 30 June 2016

for

Eliot Developments (Charlestown) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M J Evans

S Musgreaves

REGISTERED OFFICE:

2 Creative Court

Central Park Avenue

Plymouth

Devon

PL4 6NW

REGISTERED NUMBER:

08978179 (England and Wales)

ACCOUNTANTS:

Bromhead

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

FIXED ASSETS

Tangible assets

2

-

3

CURRENT ASSETS

Stocks

-

1,039,912

Debtors

2,613,251

3,606

Cash at bank

-

39

2,613,251

1,043,557

CREDITORS

Amounts falling due within one year

3

2,608,805

1,046,744

NET CURRENT ASSETS/(LIABILITIES)

4,446

(3,187

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,446

(3,184

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

3,446

(4,184

)

SHAREHOLDERS' FUNDS

4,446

(3,184

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 March 2017 and were signed on its behalf by:

M J Evans - Director

S Musgreaves - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Tangible fixed assets include land on which depreciation is not required.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

3

Disposals

(3

)

At 30 June 2016

-

NET BOOK VALUE

At 30 June 2016

-

At 30 June 2015

3

3.

CREDITORS

Creditors include an amount of £ 1,936,371 (30.6.15 - £ 622,004 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

375

Ordinary A

£1.00

375

Ordinary B

£1.00

375

250

Ordinary C

£1.00

250

1,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 June 2016 and the period

ended 30 June 2015:

30.6.16

30.6.15

£

M J Evans

Balance outstanding at start of year

375

-

Amounts advanced

-

375

Amounts repaid

-

Balance outstanding at end of year

375

The loan is interest free and repayable on demand.