229 Elgin Avenue Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05500055 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

229 ELGIN AVENUE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J A Jenkins

SECRETARY:

Fifield Glyn Limited

REGISTERED OFFICE:

c/o Fifield Glyn

1 Royal Mews, Gadbrook Park

Rudheath

Northwich

Cheshire

CW9 7UD

REGISTERED NUMBER:

05500055 (England and Wales)

FIXED ASSETS

Tangible assets

3

4,429

4,429

CURRENT ASSETS

Debtors

4

5,230

6,457

Cash at bank

21,969

63,328

27,199

69,785

CREDITORS

Amounts falling due within one year

5

916

864

NET CURRENT ASSETS

26,283

68,921

TOTAL ASSETS LESS CURRENT LIABILITIES

30,712

73,350

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

6,150

6,150

Major works reserve

7,456

54,276

Retained earnings

17,006

12,824

SHAREHOLDERS' FUNDS

30,712

73,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 18 January 2018 and were signed by:

J A Jenkins - Director

1.	STATUTORY INFORMATION

229 Elgin Avenue Limited "the Company" is a private company, limited by shares, registered in

England and Wales. The company's registered number and registered office address can be found on

the Company Information page.

The functional and presentation currency of the financial statements is Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A ''Small

Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK

and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared

under the historical cost convention.

These are the first financial statements the Company has prepared in accordance with Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of

Ireland'' (FRS 102) as applied to smaller entities by the adoption of Section 1A of FRS 102. The

financial statements for the year ended 30 June 2016 were prepared in accordance with Financial

Reporting Standard for Smaller Entities (effective January 2015) (FRSSE).

Some of the FRS 102 recognition, measurement, presentation and disclosure requirements and

accounting policy choices differ from the FRSSE. Consequently the directors have amended certain

accounting policies to comply with FRS 102. The directors have also taken advantage of certain

exemptions from the requirements of FRS 102 permitted by FRS 102 Chapter 35 ''Transition to FRS''.

There are no changes in the prior period on transition to FRS 102 as the directors consider them to be

immaterial to financial statements

Turnover

Turnover represents amounts received from residents by way of contributions towards expenses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land

-

not provided

Financial instruments

FINANCIAL ASSETS

Trade, group and other debtors

Trade, group and other debtors (including accrued income) which are receivable within one year and

which do not constitute a financing transaction are initially measured at the transaction price and

subsequently measured at amortised cost, being the transaction price less any amounts settled and

any impairment losses.

A provision for impairment of trade debtors is established where there is objective evidence that the

amounts due will not be collected according to the original terms of the contract. Impairment losses

are recognised in profit or loss for the excess of the carrying value of the trade debtor over the present

value of the future cash flows discounted using the original effective interest rate. Subsequent

reversals of an impairment loss that objectively relate to an event occurring after the impairment loss

was recognised, are recognised immediately in profit or loss.

FINANCIAL LIABILITIES

Trade, group and other creditors

Trade, group and other creditors (including accruals) payable within one year that do not constitute a

financing transaction are initially measured at the transaction price and subsequently measured at

amortised cost, being transaction price less any amounts settled.

Derecognition of financial assets and liabilities

A financial asset is only derecognised when the contractual rights to cash flows expire or are settled, or

substantially all the risks and rewards of ownership are transferred to another party, or if some

significant risks and rewards of ownership are retained but control of the asset has transferred to

another party that is able to sell the asset in its entirety to an unrelated third party. A financial liability

(or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled

or expires.

3.	TANGIBLE FIXED ASSETS

Freehold

land

£

COST

At 1 July 2016

and 30 June 2017

4,429

NET BOOK VALUE

At 30 June 2017

4,429

At 30 June 2016

4,429

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/17

30/6/16

£

£

Trade debtors

1,713

2,927

Prepayments and accrued income

3,517

3,530

5,230

6,457

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/17

30/6/16

£

£

Trade creditors

460

456

Accrued expenses

456

408

916

864