Europitron Limited,Ltd - Accounts

Europitron Limited,Ltd - Accounts

EUROPITRON LIMITED - Company Information

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2015-12-01 true false Private Limited Company 02985271 2016-11-30 02985271 2015-12-01 2016-11-30 02985271 2015-11-30 02985271 2014-12-01 2015-11-30 02985271 uk-bus:Director1 2015-12-01 2016-11-30 02985271 uk-bus:OrdinaryShareClass1 2016-11-30 iso4217:GBP
Europitron Limited
For the year ended 30 November 2016
Abbreviated Report and Financial Statements
England and Wales
Registered Number: 02985271
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Contents Page
Europitron Limited
For the year ended 30 November 2016
1
Balance Sheet
2
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Europitron Limited
As at 30 November 2016
02985271
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
110,000
110,000
110,000
110,000
Current assets
Debtors
3
39,579
38,359
Cash at bank and in hand
327
352
38,686
39,931
Creditors: amounts falling due within one year
(5,065)
(4,284)
34,866
34,402
Net current assets
Total assets less current liabilities
144,402
144,866
Creditors: amounts falling due after more than one year
4
(51,956)
(47,530)
96,872
Net assets
92,910
Capital and reserves
Called up share capital
100
5
100
Revaluation reserve
64,505
64,505
Profit and loss account
32,267
28,305
96,872
92,910
Shareholders funds
For the year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 25 August 2017
Toby George Halliwell Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Europitron Limited
For the year ended 30 November 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises rental income received from residential property. .
Tangible fixed assets
Leasehold property and improvements are not depreciated as, in the opinion of the director, the property is kept fully insured and in good condition and has a value in excess of its balance sheet value..
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
110,000
At 01 December 2015
At 30 November 2016
110,000
Net book values
At 30 November 2016
110,000
110,000
At 30 November 2015
Leasehold property was valued on an open market basis on 30 November 2006 by Mr T G Halliwell, the company's director.
3 Debtors:
Other debtors include a loan to the director which is repayable on demand. Interest is charged at the official rate of
interest set from time to time by HM Revenue & Customs in respect of such loans.
4 Creditors: amounts falling due after one year
Other creditors include a mortgage loan in the total sum of £50,030 (2015 £54,456) which is secured by a first
charge on the company's long leasehold property 29B Stackpool Road, Bristol. £2,500 (2015 £2,500) of the
mortgage loan is included in other creditors falling due in less than one year.
5 Share capital
Allotted called up and fully paid
2016
2015
£
£
100 Ordinary shares of £1.00 each
100
100
100
100
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