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CENTRAL HALL DEVELOPMENTS LIMITED
REGISTERED NUMBER: 06856579
ABBREVIATED BALANCE SHEET
AS AT 31 MARCH 2013
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Creditors: amounts falling due within one year
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The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2013 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 11 August 2014.
The notes on page 2 form part of these abbreviated accounts.
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CENTRAL HALL DEVELOPMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2013
1.Accounting Policy
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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The company is dependent upon the financial support of its lenders, who have indicated that they will not require the repayment of the loan provided the company meets its repayment and interest commitments. The directors are of the opinion that the company can meet its loan commitments. Accordingly, these financial statements have been prepared on a going concern basis.
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Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.
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Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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2.Creditors:
Amounts falling due within one year
Include a bank loan of £1,703,389 (2012: £1,538,237) which is secured by the company.
3.Share capital
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Allotted, called up and fully paid
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2 Ordinary shares of £1 each
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- 2 -
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