Eido Development Partners Limited - Period Ending 2017-12-31

Registration number: 05717732

Eido Development Partners Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2017

Eido Development Partners Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 4

Eido Development Partners Limited

Company Information

Directors

Mr M Rollins Mr I J Tod

Registered office

Suite 4 Regent House Hawthorn Road Leeds West Yorkshire LS7 4PH

Bankers

The Co-Operative Bank Plc Leeds 41 Vicar Lane Leeds West Yorkshire LS1 6DS

Accountants

Murray Harcourt Partners LLP 6 Queen Street Leeds West Yorkshire LS1 2TW

Page 1

Eido Development Partners Limited

(Registration number: 05717732)
Balance Sheet as at 31 December 2017

	Note	2017 £	2016 £
Current assets
Debtors	4	88,339	88,339
Cash at bank and in hand		8,452	8,452
		96,791	96,791
Creditors: Amounts falling due within one year	5	(6,284)	(6,284)
Net assets		90,507	90,507
Capital and reserves
Called up and fully paid share capital		150,100	150,100
Profit and loss account		(59,593)	(59,593)
Total equity		90,507	90,507

For the financial year ending 31 December 2017 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the profit and loss account has been taken.

Approved and authorised by the Board on 26 September 2018 and signed on its behalf by:
 

......................................... Mr M Rollins Director

The notes on pages 3 to 4 form an integral part of these financial statements.

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Eido Development Partners Limited

Notes to the Financial Statements for the Year Ended 31 December 2017

1	General information

The Company is a private company limited by share capital incorporated in England and Wales. Details of the registered office are shown on page 1. Details of the registered office are shown on page 1.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation

These financial statements have been prepared on a going concern basis, using the historical cost convention and in accordance with FRS 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and is recognised when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

Tax

Current income tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised on timing differences between taxable profits and profits reported in the financial statements. Deferred tax is recognised on all timing differences at the reporting date and is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the Company’s shareholders is recognised in the financial statements in the reporting period in which the dividends are paid.

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Eido Development Partners Limited

Notes to the Financial Statements for the Year Ended 31 December 2017

2	Accounting policies (continued)

Financial instruments

Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement. Equity instruments are those that entitle the holder to a residual interest in the Company's assets after deducting all of its liabilities.

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary and preference shares, which are measured at fair value provided that this can be measured reliably. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including directors) in the year, was 2 (2016 - 2).

4

Debtors

	2017 £	2016 £
Other debtors	88,339	88,339
	88,339	88,339

5

Creditors

	2017 £	2016 £
Due within one year
Other creditors	6,284	6,284

6	Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

Eido Limited
(Common control)
At the balance sheet date the amount due from Eido Limited was £88,339 (2016 - £88,339).

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