Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Zephyr Estates Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Zephyr Estates Limited
for the Year Ended 31 July 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Zephyr Estates Limited for the year ended 31 July 2015 set out on pages from the company's accounting records and from information and explanations you have given us.
We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compliation of financial statements .
This report is made solely to the Board of Directors of Zephyr Estates Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Zephyr Estates Limited and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zephyr Estates Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Zephyr Estates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Zephyr Estates Limited. You consider that Zephyr Estates Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Zephyr Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Hamilton Morris Waugh Limited
Chartered Accountants
34 Dufferin Avenue
Bangor
County Down
BT20 3AA
29 April 2016
Zephyr Estates Limited
(Registration number: NI619209)
Abbreviated Balance Sheet at 31 July 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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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 |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the director on
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Mr Kris Robert Turnbull
Director
2
Zephyr Estates Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued
Accounting policies |
Basis of preparation
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.
Going concern
The financial statements have been prepared on a going concern basis on the confirmation of the directors that the related party creditor, Kris Turnbull Ltd will continue to provide ongoing financial support to the company and will not seek repayment of its balances owing until the company is in a position to support its activities.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures and Fittings |
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Plant & Machinery |
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Stock
Hire purchase and leasing
Zephyr Estates Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 August 2014 |
80,012 |
80,012 |
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Additions |
150,000 |
150,000 |
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At 31 July 2015 |
230,012 |
230,012 |
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Depreciation |
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At 1 August 2014 |
20,003 |
20,003 |
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Charge for the year |
57,503 |
57,503 |
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At 31 July 2015 |
77,506 |
77,506 |
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Net book value |
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At 31 July 2015 |
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At 31 July 2014 |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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