Registered Number 02261135
ELDONIAN GROUP LTD
Abbreviated Accounts
31 March 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 3 |
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Investments | 4 |
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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 |
( |
( |
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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 |
( |
( |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Reserves | |||
Revaluation reserve |
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Other reserves |
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Income and expenditure account |
( |
( |
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Members' 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
Basis of preparation:
The financial statements have been prepared in accordance with applicable accounting standards and under the historical cost accounting rules.
Cash flow statement:
The company is exempt from the requirement of Financial Reporting Standard No1 to prepare a cash flow statement as it is entitled to the filing exemptions as a small company.
Turnover policy
during the year, exclusive of Value Added Tax and trade discounts
Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated.To write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & fittings – 20% reducing balance
Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life.
Amortisation is provided at the following rates:
Goodwill – 3.33% Straight line
2
Company limited by guarantee
£ | |
---|---|
Cost | |
At 1 April 2014 |
|
Additions |
|
Disposals |
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Revaluations |
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Transfers |
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At 31 March 2015 |
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Depreciation | |
At 1 April 2014 |
|
Charge for the year |
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On disposals |
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At 31 March 2015 |
|
Net book values | |
At 31 March 2015 | 7,026 |
At 31 March 2014 | 8,040 |
4
Fixed assets Investments
Investment properties are included in the balance sheet at their open market value in accordance
with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not
depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets
should be depreciated but is, in the opening of the director, necessary in order to give a true and fair
view of the financial position of the company.