Entigale Limited - Period Ending 2014-04-05

Registration number: 01311083

Entigale Limited

Unaudited Abbreviated Accounts

for the Year Ended 5 April 2014
 

Entigale Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Entigale Limited
(Registration number: 01311083)
Abbreviated Balance Sheet at 5 April 2014

		Note			2014 £						2013 £
Fixed assets
Tangible fixed assets		2						1,778,315						1,778,804
Investments		2						340						340
								1,778,655						1,779,144
Current assets
Debtors					47,964						18,213
Cash at bank and in hand					631						3,036
					48,595						21,249
Creditors: Amounts falling due within one year					(134,918)						(120,601)
Net current liabilities								(86,323)						(99,352)
Net assets								1,692,332						1,679,792
Capital and reserves
Called up share capital		3			8,231						8,231
Revaluation reserve					842,148						842,148
Profit and loss account					841,953						829,413
Shareholders' funds								1,692,332						1,679,792

For the year ending 5 April 2014 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 19 December 2014 and signed on its behalf by:

.........................................
Mr J M M Adams
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Entigale Limited
Notes to the Abbreviated Accounts for the Year Ended 5 April 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	10% reducing balance basis
Motor vehicles	25% reducing balance basis

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Page 2

Entigale Limited
Notes to the Abbreviated Accounts for the Year Ended 5 April 2014
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 6 April 2013		1,806,634			340			1,806,974
At 5 April 2014		1,806,634			340			1,806,974
Depreciation
At 6 April 2013		27,830			-			27,830
Charge for the year		489			-			489
At 5 April 2014		28,319			-			28,319
Net book value
At 5 April 2014		1,778,315			340			1,778,655
At 5 April 2013		1,778,804			340			1,779,144

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Shares of £1 each		8,231			8,231			8,231			8,231

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