Registered Number 01350091
ELLIOT PROPERTY INVESTMENT COMPANY LIMITED
Abbreviated Accounts
27 January 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 4 |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 4 |
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Provisions for liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 5 |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets and liabilities and investment properties measured at fair value.
The entity has transitioned from previous IK GAAP to FRS 102 as at 28th January 2015.
Turnover policy
Tangible assets depreciation policy
£ | |
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Cost | |
At 28 January 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 27 January 2016 |
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Depreciation | |
At 28 January 2015 |
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Charge for the year |
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On disposals |
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At 27 January 2016 |
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Net book values | |
At 27 January 2016 | 170 |
At 27 January 2015 | 335 |
3
Fixed assets Investments
Revaluation in the year £45,240
Market value c/fwd £699,150
It is the company's policy that the directors value the properties on an annual basis at market value. The estimated market value at 27th January 2016 was £699,150.
2016
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2015
£ |
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Secured Debts |
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