Eido Development Partners Limited - Period Ending 2016-12-31

Registration number: 05717732

Eido Development Partners Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2016

Eido Development Partners Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Financial Statements	4 to 5

Eido Development Partners Limited

Company Information

Directors

Mr I J Tod Mr M Rollins

Registered office

Suite 4 Regent House Hawthorn Road Leeds West Yorkshire LS7 4PH

Bankers

The Co-Operative Bank Plc Leeds 41 Vicar Lane Leeds West Yorkshire LS1 6DS

Accountants

Murray Harcourt Partners LLP Elizabeth House 13-19 Queen Street Leeds West Yorkshire LS1 2TW

Page 1

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Eido Development Partners Limited
for the Year Ended 31 December 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Eido Development Partners Limited for the year ended 31 December 2016 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Eido Development Partners Limited, as a body, in accordance with the terms of our engagement letter dated 20 September 2013. Our work has been undertaken solely to prepare for your approval the accounts of Eido Development Partners Limited and state those matters that we have agreed to state to the Board of Directors of Eido Development Partners Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eido Development Partners Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Eido Development Partners Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Eido Development Partners Limited. You consider that Eido Development Partners Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Eido Development Partners Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Murray Harcourt Partners LLP
Elizabeth House
13-19 Queen Street
Leeds
West Yorkshire
LS1 2TW

11 September 2017

Page 2

Eido Development Partners Limited

(Registration number: 05717732)
Balance Sheet as at 31 December 2016

	Note	2016 £	2015 £
Current assets
Debtors	4	88,339	89,340
Cash at bank and in hand		8,452	8,392
		96,791	97,732
Creditors: Amounts falling due within one year	5	(6,284)	(7,285)
Net assets		90,507	90,447
Capital and reserves
Called up and fully paid share capital		150,100	150,100
Profit and loss account		(59,593)	(59,653)
Total equity		90,507	90,447

For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 16 August 2017 and signed on its behalf by:
 

.........................................

Mr I J Tod

Director

The notes on pages 4 to 5 form an integral part of these financial statements.

Page 3

Eido Development Partners Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

1	General information

The company is a private company limited by share capital incorporated in England and Wales. Details of the registered office are shown on page 1.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) in the year, was 2 (2015 - 2).

4

Debtors

	2016 £	2015 £
Other debtors	88,339	89,340
Total current trade and other debtors	88,339	89,340

5

Creditors

	Note	2016 £	2015 £
Due within one year
Other creditors		6,284	7,285

Page 4

Eido Development Partners Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

6	Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

Eido Limited
(Common control)
At the balance sheet date the amount due from Eido Limited was £88,339 (2015 - £89,200).

7	Transition to FRS 102

This is the first year that the Company has presented its results under FRS 102. In view of this, the financial statements for the prior year are also required to be adjusted to an FRS 102 basis and accordingly the Company is now presenting financial statements that include comparative figures prepared in accordance with FRS 102. The date of transition to FRS 102 is 1st January 2015. There were no material adjustments arising from the adoption of FRS 102.

Page 5