3E Development Limited
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Notes to the Accounts |
for the year ended 31 December 2020
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Turnover |
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The company did not trade during the year so no turnover has been received or recorded.
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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2 |
Employees |
2020 |
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2019 |
Number |
Number |
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Average number of persons employed by the company |
0
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0
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3 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
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Cost |
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At 1 January 2020 |
2 |
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At 31 December 2020 |
2 |
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4 |
Creditors: amounts falling due within one year |
2020 |
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2019 |
£ |
£ |
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Other creditors |
1,663 |
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1,354 |
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5 |
Controlling party |
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The company is controlled by the director, R Y Brown who owns the majority of the issued shares in the company.
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6 |
Other information |
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3E Development Limited is a private company limited by shares and incorporated in Scotland. Its registered office is: |
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101 Rose Street |
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South Lane |
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Edinburgh |
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Scotland |
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EH2 3JG |