Elfordleigh Holdings Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04357257 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

ELFORDLEIGH HOLDINGS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A Rack

Mrs A Hujdurovic - Rack

REGISTERED OFFICE:

Elfordleigh Hotel

Colebrook

Plympton

Plymouth

Devon

PL7 5EB

REGISTERED NUMBER:

04357257 (England and Wales)

ACCOUNTANTS:

Parkhurst Hill and Thomas Westcott

Plym House

3 Longbridge Road

Marsh Mills

Plymouth

Devon

PL6 8LT

FIXED ASSETS

Tangible assets

2

2,654,878

Investments

3

2

2,654,880

CURRENT ASSETS

Debtors

4

1,250,440

1,330,589

Cash in hand

457

121

1,250,897

1,330,710

CREDITORS

Amounts falling due within one year

5

215,815

197,467

NET CURRENT ASSETS

1,035,082

1,133,243

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,689,962

3,788,123

CREDITORS

Amounts falling due after more than one
year

5

933,072

1,014,306

NET ASSETS

2,756,890

2,773,817

CAPITAL AND RESERVES

Called up share capital

6

1,500,000

Revaluation reserve

529,800

Profit and loss account

727,090

744,017

SHAREHOLDERS' FUNDS

2,756,890

2,773,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 September 2016 and were signed on its behalf
by:

Mrs A Hujdurovic - Rack - Director

1.	ACCOUNTING POLICIES

Preparation of consolidated financial statements

The financial statements contain information about Elfordleigh Holdings Limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option

under section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

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 January

2015).

Turnover

Turnover represents rental charges due for the period, excluding value added tax.

Tangible fixed assets

No depreciation has been provided on freehold land and buildings because the director feels it more appropriate

to include freehold land and buildings in the accounts at its market value and to regularly revalue it. The director

feels that it is not economically justified to incur the cost of revaluing the property in the current economic

climate, and so the property remains in the accounts at its 2004 market value; the director believes that the

current market value would not be materially different.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 January 2015

and 31 December 2015

2,654,878

NET BOOK VALUE

At 31 December 2015

2,654,878

At 31 December 2014

2,654,878

Contrary to FRS 15, the director has has decided not to obtain a valuation of the property by a qualified valuer in

the year, but believes that the current market value of the property is not materially different to its carrying

value. No corporation tax would be payable if the asset were to be sold for its revalued amount.

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

2

NET BOOK VALUE

At 31 December 2015

2

At 31 December 2014

2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Elfordleigh Limited

Nature of business: Hotel and leisure facilities

%

Class of shares:

holding

Ordinary

100.00

2015

2014

£

Aggregate capital and reserves

(2,085,527

)

(2,147,874

)

Profit for the year

62,347

126,559

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 1,064,301 (2014 - £ 1,064,301 )

5.

CREDITORS

Creditors include an amount of £ 1,002,889 (2014 - £ 1,084,123 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

Repayable by instalments

639,557

720,791

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,500,000

Ordinary

£1

1,500,000

7.	ULTIMATE PARENT COMPANY

The ultimate parent company is R A Trade KFT Budapest Hungary, a private company incorporated in Hungary.