EAGLEDAY_PROPERTIES_CO._L - Accounts

EAGLEDAY PROPERTIES CO. LTD - Company Information

Print Friendly Version

Company Registration No. 09867443 (England and Wales)

EAGLEDAY PROPERTIES CO. LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2016

EAGLEDAY PROPERTIES CO. LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

EAGLEDAY PROPERTIES CO. LTD

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

Notes

Fixed assets

Tangible assets

630,000

Current assets

Debtors

2,890

Cash at bank and in hand

6,097

8,987

Creditors: amounts falling due within one year

(614,981)

Net current liabilities

(605,994)

Total assets less current liabilities

24,006

Capital and reserves

Called up share capital

100

Revaluation reserve

48,236

Profit and loss account

(24,330)

Shareholders' funds

24,006

For the financial period ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 July 2017

Mr Ronald Merchant

Director

Company Registration No. 09867443

EAGLEDAY PROPERTIES CO. LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 NOVEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

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).

1.3

Turnover

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

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Fixed assets

Tangible assets

Cost or valuation

At 11 November 2015

Additions

581,764

Revaluation

48,236

At 30 November 2016

630,000

Share capital

2016

Allotted, called up and fully paid

100 Ordinary of £1 each

100