ELEKTRON_TOWER_3_LIMITED

ELEKTRON TOWER 3 LIMITED

CONTENTS

Page

Abbreviated balance sheet

1

Notes to the abbreviated accounts

2 - 3

ELEKTRON TOWER 3 LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

£

Fixed assets

Investments

2

4,959,569

4,889,954

Current assets

Debtors

168,671

Cash at bank and in hand

730,211

730,004

898,882

898,675

Creditors: amounts falling due within one year

(886,045)

(822,944)

Net current assets

12,837

75,731

Total assets less current liabilities

4,972,406

4,965,685

Creditors: amounts falling due after more than one year

(1,189,620)

3,782,786

3,776,065

Capital and reserves

Called up share capital

3

301,744

Share premium account

3,706,290

Profit and loss account

(225,248)

(231,969)

Shareholders' funds

3,782,786

3,776,065

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

-

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

-

The director acknowledges his 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 10 September 2017

Michael Docker

Director

Company Registration No. 05659086

ELEKTRON TOWER 3 LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

1

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention 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

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed asset investments in trading LLPs are stated at the value of the members' capital account in the LLP at the balance sheet date.

1.4

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

2

Fixed assets

Investments

£

Cost

At 1 April 2015

4,889,954

Additions

69,615

At 31 March 2016

4,959,569

At 31 March 2015

4,889,954

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

%

Subsidiary undertakings

Dock and Let Limited

England & Wales

Ordinary

100.00

ELEKTRON TOWER 3 LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

2

Fixed assets

(Continued)

- 3 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

£

Dock and Let Limited

Letting and dealing in properties

56,201

(236,818)

3

Share capital

2016

2015

£

Allotted, called up and fully paid

4 Ordinary Shares of £1 each

4

3,710 Preferred Ordinary Shares of £1 each

3,710

298,030 4% Redeemable Preference Shares of £1 each

298,030

301,744

The holders of the Preferred Ordinary Shares shall only be entitled to vote on a resolution to amend their class rights. From the profits of the company, certain prescribed amounts are to be credited to the 'Preferred Ordinary Shares Reserves Account' for each financial period. Full details of the rights attached to this class of shares including the right to income and distributions and the rights in respect to a return of capital on liquidation, winding-up or otherwise is shown in the company's statutory records and in particular its statement of capital.

4

Control

The company is controlled by the sole director, Michael Docker, and his wife who together own 100% of the O rdinary S hares of the company.Ordinary Shares of the company.

5

Related party relationships and transactions

Included in creditors is an amount due to Dock and Let Limited totalling £552,040 (2015: £544,667) as at the balance sheet date.

Included in other debtors is an amount due from Estates and Lets Limited, company in which Mr Michael Docker has an interest, totalling £168,671 (2015: £168,671) as at the balance sheet date.

ELEKTRON_TOWER_3_LIMITED - Accounts

ELEKTRON_TOWER_3_LIMITED - Accounts