Elian Limited - Period Ending 2014-03-31

Registration number: 04108323

Elian Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Denisons
Chartered Accountants
116 Chester Street
Birkenhead
Merseyside
CH41 5DL

Elian Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Elian Limited
(Registration number: 04108323)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					1,131,631			1,131,824
Current assets
Debtors					11,500			33,230
Cash at bank and in hand					6,766			5,103
					18,266			38,333
Creditors: Amounts falling due within one year					(143,324)			(149,985)
Net current liabilities					(125,058)			(111,652)
Total assets less current liabilities					1,006,573			1,020,172
Creditors: Amounts falling due after more than one year					(517,443)			(551,601)
Net assets					489,130			468,571
Capital and reserves
Called up share capital		3			2			2
Revaluation reserve					359,337			359,337
Profit and loss account					129,791			109,232
Shareholders' funds					489,130			468,571

For the year ending 31 March 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 .

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

.........................................
Mrs Jennifer Williams
Director

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

Elian Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 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, net of value added tax, 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
Fixtures and fittings	20% on reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Elian Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		1,132,746			1,132,746
At 31 March 2014		1,132,746			1,132,746
Depreciation
At 1 April 2013		922			922
Charge for the year		193			193
At 31 March 2014		1,115			1,115
Net book value
At 31 March 2014		1,131,631			1,131,631
At 31 March 2013		1,131,824			1,131,824

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 3