De La Casa Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07007723 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2014

for

De La Casa Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr W T Delaney

Mrs L Delaney

REGISTERED OFFICE:

Summer Breeze

9 St Paul's Drive

Mount Pleasant

Houghton Le Spring

Tyne and Wear

DH4 7SH

REGISTERED NUMBER:

07007723 (England and Wales)

ACCOUNTANTS:

TTR Barnes Limited

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

SOLICITORS:

Scanlans

23 John Street

Sunderland

Tyne and Wear

SR1 1JG

FIXED ASSETS

Tangible assets

2

546,438

546,438

CURRENT ASSETS

Debtors

3,065

3,160

Cash at bank

8,116

5,273

11,181

8,433

CREDITORS

Amounts falling due within one year

3

175,908

178,077

NET CURRENT LIABILITIES

(164,727

)

(169,644

)

TOTAL ASSETS LESS CURRENT LIABILITIES

381,711

376,794

CREDITORS

Amounts falling due after more than one year

3

379,050

379,050

NET ASSETS/(LIABILITIES)

2,661

(2,256

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

2,561

(2,356

)

SHAREHOLDERS' FUNDS

2,661

(2,256

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 January 2015 and were signed on its behalf by:

Mr W T Delaney - Director

Mrs L Delaney - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in

operational existence for the foreseeable future, which the directors consider to be appropriate.

Accounting convention

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).

Exemption from preparing a cash flow statement

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the

requirement to prepare such a statement under Financial Reporting Standard 1 Cash flow statements and Financial Reporting

Standard for Smaller Entities (effective April 2008).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), no depreciation is provided

in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006

which requires all properties to be depreciated. The directors consider that to depreciate the properties would not give a true

and fair view.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it

can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the

underlying timing differences can be deducted.

Deferred tax is measured on a non-discounted basis at the average rates that are expected to apply in the periods in which the

timing differences are expected to reverse, based on the tax rates and laws that have been enacted or substantively enacted by

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

546,438

NET BOOK VALUE

At 30 April 2014

546,438

At 30 April 2013

546,438

3.

CREDITORS

Creditors include an amount of £ 394,515 (2013 - £ 394,515 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

379,050

379,050

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100