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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2015 |
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for |
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Elliot Rhodes Ltd |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2015 |
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for |
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Elliot Rhodes Ltd |
Elliot Rhodes Ltd (Registered number: 04983052) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Elliot Rhodes Ltd |
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Company Information |
for the Year Ended 31 December 2015 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Elliot Rhodes Ltd (Registered number: 04983052) |
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Abbreviated Balance Sheet |
31 December 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Share premium |
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Profit and loss account |
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The director acknowledges his 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. |
Elliot Rhodes Ltd (Registered number: 04983052) |
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Abbreviated Balance Sheet - continued |
31 December 2015 |
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The financial statements were approved by the director on
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Elliot Rhodes Ltd (Registered number: 04983052) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Short leasehold | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
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Additions |
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Disposals | ( |
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At 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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3. | CREDITORS |
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Creditors include an amount of £
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Elliot Rhodes Ltd (Registered number: 04983052) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
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4. | CALLED UP SHARE CAPITAL |
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2015 | 2014 |
£ | £ |
Authorised:- |
100,000 | Class A shares of £0.01 (voting) | 1,000 | 1,000 |
9,999,900,000 | Class B shares of £0.01 (non-voting) | 99,999,000 | 99,999,000 |
100,000,000 | 100,000,000 |
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2015 | 2014 |
£ | £ |
Allotted,
issued and fully paid:- |
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5. | RELATED PARTY DISCLOSURES |
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Amounts advanced to the company by the director are unsecured and have no fixed repayment date, other than |
that repayment will not be required within twelve months of the balance sheet date. |
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£ 16,382 (2014: £ 18,453) of the total balance outstanding carries gross interest at a rate of 1.5% above the Bank |
of England base rate. |
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2015 | 2014 |
£ | £ |
Amount due to related party at the balance sheet date |
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JL Diwan |
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JL Diwan holds more than 20% of the Class A shares in issue. |
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Loans to the company from JL Diwan are unsecured and £250,000 of the total joint loans from JL Diwan and |
NA Diwan is subject to interest at 3% over base rate. These loans are repayable over ten years with effect from |
August 2012. |
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2015 | 2014 |
£ | £ |
Amount due to related party at the balance sheet date |
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Elliot Rhodes Ltd (Registered number: 04983052) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
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5. | RELATED PARTY DISCLOSURES - continued |
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NA Diwan |
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NA Diwan holds more than 20% of the Class A shares in issue. |
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Loans to the company from NA Diwan are unsecured and £250,000 of the total joint loans from JL Diwan and |
NA Diwan is subject to interest at 3% over base rate. These loans are repayable over ten years with effect from |
August 2012. |
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2015 | 2014 |
£ | £ |
Amount due to related party at the balance sheet date |
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A Marchand |
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The director's father in law |
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Amounts advanced to the company by A Marchand are unsecured and are repayable by monthly instalments |
including interest at 4.5% over bank base rate. |
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2015 | 2014 |
£ | £ |
Amount due to related party at the balance sheet date |
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6. | ULTIMATE CONTROLLING PARTY |
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There is no ultimate controlling party. |