Elmtone Properties Limited - Limited company - abbreviated

REGISTERED NUMBER: 02980774 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2013

for

Elmtone Properties Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C A Williams

E D Williams

A W Mowbray

SECRETARY:

E D Williams

REGISTERED OFFICE:

Unit 9/10 Easter Park

Barton Road

Middlesbrough

TS2 1RY

REGISTERED NUMBER:

02980774 (England and Wales)

ACCOUNTANTS:

Little & Neal

37-38 Market Street

Ferryhill

Co. Durham

DL17 8JH

BANKERS:

Lloyds TSB

Skinnergate

Darlington

Co. Durham

FIXED ASSETS

Tangible assets

2

1

Investment property

3

550,877

550,878

CURRENT ASSETS

Debtors

110,936

211,893

Cash at bank

2,467

8,979

113,403

220,872

CREDITORS

Amounts falling due within one year

71,320

73,799

NET CURRENT ASSETS

42,083

147,073

TOTAL ASSETS LESS CURRENT
LIABILITIES

592,961

697,951

CREDITORS

Amounts falling due after more than one
year

175,000

275,000

NET ASSETS

417,961

422,951

CAPITAL AND RESERVES

Called up share capital

4

1,000

Revaluation reserve

121,465

Profit and loss account

295,496

300,486

SHAREHOLDERS' FUNDS

417,961

422,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 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 30 July 2014 and were signed on its behalf by:

E D Williams - Director

1.	ACCOUNTING POLICIES

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 April

2008).

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

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

At 1 November 2012

and 31 October 2013

2,170

DEPRECIATION

At 1 November 2012

and 31 October 2013

2,169

NET BOOK VALUE

At 31 October 2013

1

At 31 October 2012

1

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 November 2012

and 31 October 2013

550,877

NET BOOK VALUE

At 31 October 2013

550,877

At 31 October 2012

550,877

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.13

31.10.12

value:

£

1,000

Ordinary

£1

1,000

Elmtone Properties Limited - Limited company - abbreviated - 11.0.0

Elmtone Properties Limited - Limited company - abbreviated - 11.0.0