EIG Limited - Abbreviated accounts 16.3

EIG Limited - Abbreviated accounts 16.3

EIG LIMITED - Company Information

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REGISTERED NUMBER: 03734110 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

EIG LIMITED

EIG LIMITED (REGISTERED NUMBER: 03734110)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Accountants' Report 5

EIG LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: N A Sellick
J Stephen
S S Rowe





REGISTERED OFFICE: 38 Borough High Street
LONDON
SE1 1XW





REGISTERED NUMBER: 03734110 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
HASTINGS
East Sussex
TN34 1BP
Page 1
EIG LIMITED (REGISTERED NUMBER: 03734110)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 36,724 23,635
Investments 3 1,245,076 1,099,302
1,281,800 1,122,937

CURRENT ASSETS
Debtors 31,345 97,735
Cash at bank and in hand 82,716 388,524
114,061 486,259
CREDITORS
Amounts falling due within one year 576,690 714,732
NET CURRENT LIABILITIES (462,629 ) (228,473 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
819,171
894,464

PROVISIONS FOR LIABILITIES 6,864 4,140
NET ASSETS 812,307 890,324

CAPITAL AND RESERVES
Called up share capital 4 50,000 50,000
Profit and loss account 762,307 840,324
SHAREHOLDERS' FUNDS 812,307 890,324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 7 December 2016 and were signed on its behalf by:





N A Sellick - Director


The notes form part of these abbreviated accounts

Page 2
EIG LIMITED (REGISTERED NUMBER: 03734110)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The directors have made an assessment about the company's ability to continue as a going concern and they do
not consider there to be any material uncertainties. As a result they have adopted the going concern basis of
accounting.

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents commissions receivable, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 33% on cost
Fixtures and fittings - 15% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 166,487
Additions 36,247
At 31 March 2016 202,734
DEPRECIATION
At 1 April 2015 142,852
Charge for year 23,158
At 31 March 2016 166,010
NET BOOK VALUE
At 31 March 2016 36,724
At 31 March 2015 23,635

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2015 1,099,302
Additions 145,774
At 31 March 2016 1,245,076
NET BOOK VALUE
At 31 March 2016 1,245,076
At 31 March 2015 1,099,302

Page 3 continued...
EIG LIMITED (REGISTERED NUMBER: 03734110)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
50,000 Ordinary £1 50,000 50,000

5. ULTIMATE PARENT COMPANY

The company is a 100% subsidiary of Estate Insurance Group Limited, a company incorporated within England &
Wales.

6. CLIENT ACCOUNTS

The company holds clients bank accounts, the balance of which is wholly represented by balances due to clients.
2016 2015
£ £
Client account net balances 552,035 722,571


Page 4
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EIG LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages
two to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of EIG Limited for the year ended 31 March 2016 which comprise the Profit and Loss Account, the
Balance Sheet and the related notes from the company's accounting records and from information and explanations you
have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of EIG Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of EIG Limited and state those matters that we have agreed to state to the Board of Directors of EIG Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EIG Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that EIG Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of EIG Limited. You consider that EIG Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of EIG Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
HASTINGS
East Sussex
TN34 1BP


7 December 2016

This page does not form part of the abbreviated accounts

Page 5