Searchwood Developments Limited - Accounts to registrar (filleted) - small 18.2

Searchwood Developments Limited - Accounts to registrar (filleted) - small 18.2

SEARCHWOOD DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 09198037 (England and Wales)
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

SEARCHWOOD DEVELOPMENTS LIMITED
SEARCHWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09198037)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEARCHWOOD DEVELOPMENTS LIMITED

COMPANY INFORMATION
For The Year Ended 30 September 2018







DIRECTORS: S J Frankham
M D Johnson
D F Wise





SECRETARY: J C Gardner





REGISTERED OFFICE: Irene House
Five Arches Business Park
Maidstone Road
Sidcup
Kent
DA14 5AE





REGISTERED NUMBER: 09198037 (England and Wales)





ACCOUNTANTS: Crane & Partners
Chartered Accountants
Leonard House
5 - 7 Newman Road
Bromley
Kent
BR1 1RJ
Page 1
SEARCHWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09198037)

BALANCE SHEET
30 September 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Stocks 958,655 2,711,867
Debtors 3 10,400 10,089
Cash at bank 5,662 1,548
974,717 2,723,504
CREDITORS
Amounts falling due within one year 4 636,291 1,472,776
NET CURRENT ASSETS 338,426 1,250,728
TOTAL ASSETS LESS CURRENT
LIABILITIES
338,426
1,250,728

CREDITORS
Amounts falling due after more than one
year
5
-
1,196,946
NET ASSETS 338,426 53,782

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 338,126 53,482
SHAREHOLDERS' FUNDS 338,426 53,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 notes form part of these financial statements

Page 2 continued...
SEARCHWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09198037)

BALANCE SHEET - continued
30 September 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 June 2019 and were signed on its
behalf by:





S J Frankham - Director


The notes form part of these financial statements

Page 3
SEARCHWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09198037)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2018


1. STATUTORY INFORMATION

Searchwood Developments Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling
costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 10,400 10,089

Page 4 continued...
SEARCHWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09198037)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2018


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 9 4
Trade creditors 2,006 -
Taxation and social security 66,768 12,954
Other creditors 567,508 1,459,818
636,291 1,472,776

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans - 1,196,946

6. RELATED PARTY DISCLOSURES

At the year end the directors of the company were owed £187,000 (2017: £483,303).

Included in other creditors is a balance due to Frankham Developments Limited of £186,990 (2017:
£492,163) of which, S J Frankham is also a director.

Included in other creditors is a balance due to Building Associates Limited of £187,000 (2017:
£483,303) of which, M D Johnson is also a director.

Page 5