Abbreviated Company Accounts - COLLINS ELITE PROPERTIES LIMITED

Abbreviated Company Accounts - COLLINS ELITE PROPERTIES LIMITED


Registered Number 09328028

COLLINS ELITE PROPERTIES LIMITED

Abbreviated Accounts

30 November 2016

COLLINS ELITE PROPERTIES LIMITED Registered Number 09328028

Abbreviated Balance Sheet as at 30 November 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 4,871 -
4,871 -
Current assets
Debtors 256,896 118,000
Cash at bank and in hand 811,946 270,036
1,068,842 388,036
Creditors: amounts falling due within one year (203,072) (79,949)
Net current assets (liabilities) 865,770 308,087
Total assets less current liabilities 870,641 308,087
Total net assets (liabilities) 870,641 308,087
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 870,541 307,987
Shareholders' funds 870,641 308,087
  • For the year ending 30 November 2016 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 16 January 2017

And signed on their behalf by:
Mr P Collins, Director

COLLINS ELITE PROPERTIES LIMITED Registered Number 09328028

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows :
Fixtures, fittings & equipment : 25% reducing balance

Other accounting policies
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

2Tangible fixed assets
£
Cost
At 1 December 2015 0
Additions 6,494
Disposals -
Revaluations -
Transfers -
At 30 November 2016 6,494
Depreciation
At 1 December 2015 0
Charge for the year 1,623
On disposals -
At 30 November 2016 1,623
Net book values
At 30 November 2016 4,871
At 30 November 2015 0
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100Ordinary shares of £1 each 100 100