East Coast Developments (Yorkshire) Ltd - Limited company - abbreviated - 11.6
East Coast Developments (Yorkshire) Ltd - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| FOR |
| EAST COAST DEVELOPMENTS (YORKSHIRE) |
| LIMITED |
| EAST COAST DEVELOPMENTS (YORKSHIRE) |
| LIMITED (REGISTERED NUMBER: 06133075) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| Page |
| Abbreviated Balance Sheet | 1 |
| Notes to the Abbreviated Accounts | 3 |
| EAST COAST DEVELOPMENTS (YORKSHIRE) |
| LIMITED (REGISTERED NUMBER: 06133075) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| EAST COAST DEVELOPMENTS (YORKSHIRE) |
| LIMITED (REGISTERED NUMBER: 06133075) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MARCH 2014 |
| The directors acknowledge their 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 were approved by the Board of Directors on by: |
| EAST COAST DEVELOPMENTS (YORKSHIRE) |
| LIMITED (REGISTERED NUMBER: 06133075) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the |
| revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities |
| (effective April 2008). |
| Turnover |
| Turnover represents amounts receivable for rents and amenities recharged, net of VAT and trade discounts. |
| Investment property |
| Investment properties are included in the balance sheet at their open market value. Depreciation is provided |
| only on those investment properties which are leasehold and where the unexpired lease term is less than 20 |
| years. |
| Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities |
| (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for tangible |
| assets to be depreciated. In the opinion of the directors compliance with the standard is 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 of this which might otherwise have been charged cannot be |
| separately identified or quantified. |
| Deferred tax |
| Deferred tax is recognised ins respect of all timing difference that have originated but not reverse at the |
| balance sheet date. |
| Deferred tax is not recognised on revaluation gains and losses unless, by the balance sheet date, the company |
| has entered into a binding agreement to sell the asset and has revalued the asset to the selling price. |
| Revenue recognition |
| Rental income is invoiced in advance and is recognised on an accruals basis. Amenities recharged are |
| recognised when the amenities have been charged to the company. These are then recharged to tenants on a |
| percentage of usage basis. |
| 2. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 April 2013 |
| Additions |
| Revaluations | ( |
) |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| EAST COAST DEVELOPMENTS (YORKSHIRE) |
| LIMITED (REGISTERED NUMBER: 06133075) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| 3. | CREDITORS - continued |
| They also include the following debts falling due in more than five years: |
| 2014 | 2013 |
| £ | £ |
| Repayable by instalments | 646,310 | 757,752 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 March 2014 and |
| 31 March 2013: |
| 2014 | 2013 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts repaid |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts repaid |
| Balance outstanding at end of year | ( |
) | ( |
) |
| All above loans are unsecured, interest free and repayable on demand. |