Abbreviated Company Accounts - EXMOSNOTES INVESTMENTS LIMITED

Abbreviated Company Accounts - EXMOSNOTES INVESTMENTS LIMITED

EXMOSNOTES INVESTMENTS LIMITED - Company Information

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Registered Number 00738124

EXMOSNOTES INVESTMENTS LIMITED

Abbreviated Accounts

31 October 2016

EXMOSNOTES INVESTMENTS LIMITED Registered Number 00738124

Abbreviated Balance Sheet as at 31 October 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 14,889 14,989
Investments 3 1,531,778 1,531,778
1,546,667 1,546,767
Current assets
Cash at bank and in hand 21,795 7,747
21,795 7,747
Creditors: amounts falling due within one year 4 (10,126) (28,509)
Net current assets (liabilities) 11,669 (20,762)
Total assets less current liabilities 1,558,336 1,526,005
Creditors: amounts falling due after more than one year 4 (176,786) (194,223)
Provisions for liabilities (107,316) (107,316)
Total net assets (liabilities) 1,274,234 1,224,466
Capital and reserves
Called up share capital 100 100
Share premium account 359,396 359,396
Profit and loss account 914,738 864,970
Shareholders' funds 1,274,234 1,224,466
  • For the year ending 31 October 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 30 June 2017

And signed on their behalf by:
Marzenna Cummings, Director

EXMOSNOTES INVESTMENTS LIMITED Registered Number 00738124

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

1Accounting Policies

Basis of measurement and preparation of accounts
The Financial statements have been prepared under the historical cost convention and in accordance with the provisions of Section 1A Small Entities of Financial reporting Standard 102, applicable in the UK and the Republic of Ireland. There were no material departures from the standard. These are the first Financial Statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2014. Information on any impact on equity and profit of first time adoption in included in the notes

Tangible assets depreciation policy
Tangible Fixed Assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated on a straight line basis to allocate cost less estimated residual value over their expected useful lives at the following rates:
Equipment and Tools are depreciated at an annual rate of 25%
Fixtures and Fittings are depreciated at an annual rate of 10%
Motor vehicles are depreciated at an annual rate of 25%

Valuation information and policy
Investment property , held to earn rentals or capital appreciation, is stated at fair value based on what the directors consider to be the open market valuation of the property. Gains and losses from changes in fair value, net of deferred tax provided at the rate expected to apply when the property is sold, are recognised in profit or loss.

2Tangible fixed assets
£
Cost
At 1 November 2015 27,226
Additions 1,906
Disposals -
Revaluations -
Transfers -
At 31 October 2016 29,132
Depreciation
At 1 November 2015 12,237
Charge for the year 2,006
On disposals -
At 31 October 2016 14,243
Net book values
At 31 October 2016 14,889
At 31 October 2015 14,989

3Fixed assets Investments
First time adoption of FRS 102: effect on financial statements:
Restated for fair value gains and associated deferred tax provisions in respect of an investment property reported in Profit and Loss.

4Creditors
2016
£		 2015
£
Secured Debts 159,746 183,414
Non-instalment debts due after 5 years 17,040 10,809