Abbreviated Company Accounts - HORNSEY ESTATES LIMITED

HORNSEY ESTATES LIMITED - Company Information

04680088 HORNSEY ESTATES LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 04680088 2013-04-01 2014-03-31 04680088 2014-03-31 04680088 2013-03-31 04680088 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 04680088 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 04680088

HORNSEY ESTATES LIMITED

Abbreviated Accounts

31 March 2014

HORNSEY ESTATES LIMITED Registered Number 04680088

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,396,732	3,648,806
		2,396,732	3,648,806
Current assets
Debtors		20,590	600
Cash at bank and in hand		-	26,644
		20,590	27,244
Creditors: amounts falling due within one year		(1,876,010)	(3,179,348)
Net current assets (liabilities)		(1,855,420)	(3,152,104)
Total assets less current liabilities		541,312	496,702
Total net assets (liabilities)		541,312	496,702
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		541,310	496,700
Shareholders' funds		541,312	496,702

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 17 December 2014

And signed on their behalf by:
DANIEL FLUSS, Director

HORNSEY ESTATES LIMITED Registered Number 04680088

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% Reducing balance

Other accounting policies
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

2Tangible fixed assets

	£
Cost
At 1 April 2013	3,652,821
Additions	-
Disposals	(1,251,857)
Revaluations	-
Transfers	-
At 31 March 2014	2,400,964
Depreciation
At 1 April 2013	4,015
Charge for the year	217
On disposals	-
At 31 March 2014	4,232
Net book values
At 31 March 2014	2,396,732
At 31 March 2013	3,648,806

Fixed assets

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2