Elliotts Estate Agencies Limited - Accounts to registrar - small 17.1.1
Elliotts Estate Agencies Limited - Accounts to registrar - small 17.1.1
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 |
| FOR |
| ELLIOTTS ESTATE AGENCIES LIMITED |
| ELLIOTTS ESTATE AGENCIES LIMITED (REGISTERED NUMBER: 02829245) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ELLIOTTS ESTATE AGENCIES LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 December 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| BANKERS: |
| 125 Church Road |
| Hove |
| East Sussex |
| BN3 2AN |
| ELLIOTTS ESTATE AGENCIES LIMITED (REGISTERED NUMBER: 02829245) |
| BALANCE SHEET |
| 31 December 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| ELLIOTTS ESTATE AGENCIES LIMITED (REGISTERED NUMBER: 02829245) |
| BALANCE SHEET - continued |
| 31 December 2016 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| ELLIOTTS ESTATE AGENCIES LIMITED (REGISTERED NUMBER: 02829245) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2016 |
| 1. | STATUTORY INFORMATION |
| Elliotts Estate Agencies Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Intangible fixed assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less accumulated amortisation and any accumulated impairment losses. |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
| life. |
| Website development - 33% on cost |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
| life. |
| Improvements to property - straight line over 10 years |
| Fixtures and fittings - 10% on reducing balance |
| Computer equipment - 33% on cost |
| Tangible fixed asset are subject to impairment reviews at the end of each reporting period. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| ELLIOTTS ESTATE AGENCIES LIMITED (REGISTERED NUMBER: 02829245) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2016 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| Fixed asset investments |
| Fixed asset investments are included in the balance sheet at cost less amounts written off, representing |
| impairment in value. Impairment charges are recorded if events or changes in circumstances indicate that the |
| carrying value may not be recoverable and are charged to the profit and loss account. |
| Going concern |
| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the |
| company has adequate resources to continue in existence for the foreseeable future. The company therefore |
| continues to adopt the going concern basis in preparing its financial statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 January 2016 |
| and 31 December 2016 |
| AMORTISATION |
| At 1 January 2016 |
| and 31 December 2016 |
| NET BOOK VALUE |
| At 31 December 2016 |
| At 31 December 2015 |
| ELLIOTTS ESTATE AGENCIES LIMITED (REGISTERED NUMBER: 02829245) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2016 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | and | Computer |
| property | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2016 |
| Additions |
| At 31 December 2016 |
| DEPRECIATION |
| At 1 January 2016 |
| Charge for year |
| At 31 December 2016 |
| NET BOOK VALUE |
| At 31 December 2016 |
| At 31 December 2015 |
| 6. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 January 2016 |
| and 31 December 2016 |
| NET BOOK VALUE |
| At 31 December 2016 |
| At 31 December 2015 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' current accounts | - | 1,739 |
| Prepayments |
| ELLIOTTS ESTATE AGENCIES LIMITED (REGISTERED NUMBER: 02829245) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2016 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| PAYE/NIC |
| VAT | 23,950 | 25,640 |
| Other creditors |
| Pension fund | 140 | - |
| Directors' current accounts | 40,053 | - |
| Accruals & deferred income |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2016 | 2015 |
| £ | £ |
| Within one year |
| Between one and five years |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary A | £1 | 16 | 33 |
| (2015 - 33 ) |
| Ordinary B | £1 | 33 | 33 |
| Ordinary C | £1 | 33 | 33 |
| NIL | Ordinary D | £1 | - | 1 |
| (2015 - 1 ) |
| 82 | 100 |
| During the year under review, the company completed a share buy back of 17 Ordinary A shares and 1 Ordinary |
| D share which reduced the respective number of alloted shares in these classes to 16 and nil. |
| ELLIOTTS ESTATE AGENCIES LIMITED (REGISTERED NUMBER: 02829245) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2016 |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 December 2016 and |
| 31 December 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 12. | RELATED PARTY DISCLOSURES |
| Mr B Huggins |
| During the year under review the director introduced capital totalling £33,319 and withdrew £12,645. At the |
| balance sheet date the company owed the director £19,796 (2015: the director owed the company £585). |
| Mr K Weatherill |
| During the year under review the director introduced capital totalling £33,299 and withdrew £12,645. At the |
| balance sheet date the company owed the director £20,256 (2015: the director owed the company £398). |
| Both loans are interest free and repayable on demand. |
| 13. | ULTIMATE CONTROLLING PARTY |