Abbreviated Company Accounts - STEFOS ESTATES LIMITED

Abbreviated Company Accounts - STEFOS ESTATES LIMITED

STEFOS ESTATES LIMITED - Company Information

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Registered Number 01126226

STEFOS ESTATES LIMITED

Abbreviated Accounts

31 December 2015

STEFOS ESTATES LIMITED Registered Number 01126226

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 56,480 57,615
Investments 3 21,068 21,068
77,548 78,683
Current assets
Debtors 300,661 335,570
Cash at bank and in hand 137,340 92,610
438,001 428,180
Creditors: amounts falling due within one year (7,500) (38,289)
Net current assets (liabilities) 430,501 389,891
Total assets less current liabilities 508,049 468,574
Total net assets (liabilities) 508,049 468,574
Capital and reserves
Called up share capital 2 2
Profit and loss account 508,047 468,572
Shareholders' funds 508,049 468,574
  • For the year ending 31 December 2015 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 22 September 2016

And signed on their behalf by:
PW Conway, Director

STEFOS ESTATES LIMITED Registered Number 01126226

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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.

Turnover policy
Turnover comprises the value of sales and services provoded excluding value added tax and trade discounts

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less estimated residual value, over their expected useful lives on the following bases:
Freehold properties Nil%
Furniture and equipment 15% per annum reducing balance basis
Computer equipment 25% per annum reducing balance basis

2Tangible fixed assets
£
Cost
At 1 January 2015 68,467
Additions -
Disposals (750)
Revaluations -
Transfers -
At 31 December 2015 67,717
Depreciation
At 1 January 2015 10,852
Charge for the year 385
On disposals -
At 31 December 2015 11,237
Net book values
At 31 December 2015 56,480
At 31 December 2014 57,615

3Fixed assets Investments
Investments are included at cost less amounts written off. Profits or losses arising from disposals of
fixed asset investments are treated as part of the result from ordinary activities