Company Registration No. 8745818 (England and Wales)
ENLIGHTENED LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
ENLIGHTENED LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ENLIGHTENED LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
2
620,795
19,881
Current assets
Debtors
21,283
3,977
Cash at bank and in hand
105
-
21,388
3,977
Creditors: amounts falling due within one year
3
(407,817)
(24,037)
Net current liabilities
(386,429)
(20,060)
Total assets less current liabilities
234,366
(179)
Creditors: amounts falling due after more than one year
4
(245,149)
-
(10,783)
(179)
Capital and reserves
Called up share capital
5
1
1
Profit and loss account
(10,784)
(180)
Shareholder's funds
(10,783)
(179)
For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has 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 21 January 2016
Mr P A Hardy
Director
Company Registration No. 8745818
ENLIGHTENED LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 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 April 2008).
The financial statements have been prepared on a going concern basis which assumes that the company will continue to receive support from its director and and connected company.
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
Tangible fixed assets and depreciation
Investment properties are included at the balance sheet date at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation and amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately indentified or quantified.
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2014
19,881
Additions
600,914
At 31 October 2015
620,795
At 31 October 2014
19,881
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £9,383 (2014 - £0).
The bank loan is secured by a fixed and floating charge over the assets of the company.
ENLIGHTENED LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2015
- 3 -
4
Creditors: amounts falling due after more than one year
2015
2014
£
£
Total amounts repayable by instalments which are due in more than five years
207,616
-
The aggregate amount of creditors for which security has been given amounted to £245,149 (2014 - £0).
The bank loan is secured by a fixed and floating charge over the assets of the company.
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1