Mary Tavy Developments Ltd
Statement of Financial Position
as at 31 May 2018
Current assets
2,239,569
522,195
Creditors: amounts falling due within one year
-
(14,397)
Net current assets
2,239,569
507,798
Total assets less current liabilities
2,239,569
507,798
Creditors: amounts falling due after more than one year
(2,239,469)
(507,698)
Capital and reserves
100
100
1 Directors' advances, credit and guarantees
The directors have provided a cost overrun guarantee in respect of the development loan facility.
2 Guarantees and other financial commitments
The company is committed to a further £1,535,414 of expenditure on the construction of 19 new houses.
3 Average number of employees
During the year the average number of employees was 0 (2017: 0).
For the year ending 31 May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 25 February 2019
T Baker
Director
Company Registration No. 10172222
