Elvet Homes Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03917233 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

ELVET HOMES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K Johnson

A Rooney

P Johnson

J M Rooney

SECRETARY:

A Rooney

REGISTERED OFFICE:

67 Saddler Street

Durham

DH1 3NP

REGISTERED NUMBER:

03917233 (England and Wales)

ACCOUNTANTS:

Ribchesters

Chartered Accountants

67 Saddler Street

Durham City

DH1 3NP

FIXED ASSETS

Tangible assets

2

515

-

Investment property

3

250,000

250,000

250,515

250,000

CURRENT ASSETS

Debtors

2,372

2,251

Cash at bank

5,406

3,789

7,778

6,040

CREDITORS

Amounts falling due within one year

4

24,668

30,386

NET CURRENT LIABILITIES

(16,890

)

(24,346

)

TOTAL ASSETS LESS CURRENT LIABILITIES

233,625

225,654

CREDITORS

Amounts falling due after more than one year

4

(43,019

)

(49,748

)

PROVISIONS FOR LIABILITIES

(103

)

-

NET ASSETS

190,503

175,906

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Profit and loss account

189,503

174,906

SHAREHOLDERS' FUNDS

190,503

175,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 3 November 2014 and were signed on its behalf by:

K Johnson - 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.

Plant and machinery etc

-

straight line over 3 years

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 March 2013

2,052

Additions

773

Disposals

(2,052

)

At 28 February 2014

773

DEPRECIATION

At 1 March 2013

2,052

Charge for year

258

Eliminated on disposal

(2,052

)

At 28 February 2014

258

NET BOOK VALUE

At 28 February 2014

515

At 28 February 2013

-

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 March 2013

and 28 February 2014

250,000

NET BOOK VALUE

At 28 February 2014

250,000

At 28 February 2013

250,000

4.

CREDITORS

Creditors include an amount of £ 54,906 (2013 - £ 66,651 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000