Abbreviated Company Accounts - ELITE HOLIDAYS LIMITED

ELITE HOLIDAYS LIMITED - Company Information

03082854 ELITE HOLIDAYS LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 03082854 2013-04-01 2014-03-31 03082854 2014-03-31 03082854 2013-03-31 03082854 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 03082854 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 03082854

ELITE HOLIDAYS LIMITED

Abbreviated Accounts

31 March 2014

ELITE HOLIDAYS LIMITED Registered Number 03082854

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	162,650	168,650
Investments	3	164,794	150,593
		327,444	319,243
Current assets
Debtors		-	1,949
Cash at bank and in hand		13,641	85
		13,641	2,034
Creditors: amounts falling due within one year		(34,856)	(34,825)
Net current assets (liabilities)		(21,215)	(32,791)
Total assets less current liabilities		306,229	286,452
Total net assets (liabilities)		306,229	286,452
Capital and reserves
Called up share capital	4	20,000	20,000
Revaluation reserve		252,714	244,127
Profit and loss account		33,515	22,325
Shareholders' funds		306,229	286,452

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 21 July 2014

And signed on their behalf by:
Aris Marcou, Director

ELITE HOLIDAYS LIMITED Registered Number 03082854

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
Land and building are shown at original historical cost or subsequent valuation as set out in the note. Other fixed assets are shown at cost.

Valuation information and policy
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment
properties are credited or debited to a non-distributable reserve know as the revaluation reserve.
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same assets are
charged to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 April 2013	168,650
Additions	-
Disposals	(6,000)
Revaluations	-
Transfers	-
At 31 March 2014	162,650
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	162,650
At 31 March 2013	168,650

3Fixed assets Investments
The company holds 50% of the ordinary share capital of G M Property Investments Limited, a property investment company. The aggregate amount of share capital and reserves of G M Property Investments Limited as at 31 March 2014 was £301,283 (2013: £301,186) and the profit for the year ended on that date was £28,402 (2013: £5090), Consequently the fixed asset investments were revalued by the directors to reflect the current net assets.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
20,000 Ordinary shares of £1 each	20,000	20,000