HOLBORN_ESTATES_LTD - Accounts

HOLBORN ESTATES LIMITED - Company Information

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Company Registration No. 03238809 (England and Wales)

HOLBORN ESTATES LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

HOLBORN ESTATES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

HOLBORN ESTATES LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

41,095

41,190

Current assets

Debtors

90,181

Cash at bank and in hand

8,451

20,721

98,632

110,902

Creditors: amounts falling due within one year

(43,690)

(56,446)

Net current assets

54,942

54,456

Total assets less current liabilities

96,037

95,646

Capital and reserves

Called up share capital

100

Revaluation reserve

(13,270)

Profit and loss account

109,207

108,816

Shareholders' funds

96,037

95,646

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 30 October 2014

Ameer Unisa-Begum

Director

Company Registration No. 03238809

HOLBORN ESTATES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings.

1.2

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).

1.3

Turnover

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

1.4

Tangible fixed assets and depreciation

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 Freehold

Depreciation not provided for

Computer equipment

25% on cost

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost or valuation

At 1 April 2013 & at 31 March 2014

41,380

Depreciation

At 1 April 2013

190

Charge for the year

At 31 March 2014

285

Net book value

At 31 March 2014

41,095

At 31 March 2013

41,190

HOLBORN ESTATES LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary of £1 each

100