true
EL Properties Limited
06093268
2015-02-28
120074
96907
120076
96909
2
2
120076
96909
928440
1001837
1048516
1098746
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422
1707
422
1707
1284581
1293076
1284581
1293076
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Investment & Freehold properties
In accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008), no depreciation is provided in respect of freehold property held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for their investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation that might otherwise have been charged cannot be seperately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date
where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to
receive more tax.
Fixed Assets
All fixed assets are initially recorded at cost.
Fixtures & Fittings
reducing balance basis
0.1500
Motor Vehicles
reducing balance basis
0.2500
1377207
1377207
92626
84131
8495
1377207
1377207
92626
84131
8495
928440
1001837
Ordinary
1000
1
1000
1000
Ordinary
1
2
2
2
CONTROL
The company was under the control of its directors throughout the current and previous year.
2015-10-23
Mr K M Broughton
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
EL Properties Limited
2014-03-01
2015-02-28
EL Properties Limited
2013-03-01
2014-02-28
EL Properties Limited
2013-02-28
EL Properties Limited
2014-02-28
EL Properties Limited
2014-02-28
EL Properties Limited
2015-02-28
2015-11-19