HOMZE_DEVELOPMENTS_LIMITE - Accounts
HOMZE_DEVELOPMENTS_LIMITE - Accounts
Company Registration No. 07621048 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 APRIL 2014
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
28 APRIL 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
-
Cash at bank and in hand
Creditors: amounts falling due within one year
3
(97,596 )
(146,639 )
Net current liabilities
(46,329 )
(16,522 )
Total assets less current liabilities
Creditors: amounts falling due after more than one year
4
(350,144 )
(376,859 )
(19,421)
(16,329)
Capital and reserves
Called up share capital
5
Profit and loss account
(19,423 )
(16,331 )
Shareholders deficiency
(19,421 )
(16,329 )
Director's responsibilities:
-
-
Approved by the Board for issue on 28 January 2015
Director
Company Registration No. 07621048
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 APRIL 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements have been prepared on a going concern basis due to the continued support of the company's related undertakings.
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
Turnover
1.4
Tangible fixed assets and depreciation
Investment properties are included in the balance sheet at the director's valuation. 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 director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or 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 identified or quantified.
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 director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or 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 identified or quantified.
2
Fixed assets
Tangible assets
£
Cost
At 29 April 2013 & at 28 April 2014
377,052
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £33,396 (2013 - £7,853).
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 APRIL 2014
- 3 -
4
Creditors: amounts falling due after more than one year
2014
2013
£
£
Analysis of loans repayable in more than five years
Total amounts repayable by instalments which are due in more than five years
280,978
353,301
The aggregate amount of creditors for which security has been given amounted to £350,144 (2013 - £376,859).
5
Share capital
2014
2013
£
£
Allotted, called up and fully paid