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

REGISTERED NUMBER: 11064259 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

EXETER DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

D P Chard

D Haines

REGISTERED OFFICE:

Spurway farm

Exminster

Exeter

Devon

EX6 8AZ

REGISTERED NUMBER:

11064259 (England and Wales)

FIXED ASSETS

Tangible assets

4

4,548

-

CURRENT ASSETS

Stocks

244,570

-

Debtors

5

17,427

-

Cash at bank

71,649

1,000

333,646

1,000

CREDITORS

Amounts falling due within one year

6

10,874

-

NET CURRENT ASSETS

322,772

1,000

TOTAL ASSETS LESS CURRENT LIABILITIES

327,320

1,000

CREDITORS

Amounts falling due after more than one year

7

350,000

-

NET (LIABILITIES)/ASSETS

(22,680

)

1,000

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

(23,680

)

-

SHAREHOLDERS' FUNDS

(22,680

)

1,000

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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 30 August 2019 and were signed on its behalf by:

D P Chard - Director

D Haines - Director

1.	STATUTORY INFORMATION

Exeter 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Plant and equipment

-

15% on cost

Stocks

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

Going concern

The accounts have been prepared on a going concern basis as the directors have confirmed that sufficient finance

will be available for the company to continue trading for at least twelve months after the date of the signing of

these accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

equipment

£

COST

Additions

5,351

At 30 November 2018

5,351

DEPRECIATION

Charge for year

803

At 30 November 2018

803

NET BOOK VALUE

At 30 November 2018

4,548

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Other debtors

17,427

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Taxation and social security

435

-

Other creditors

10,439

-

10,874

-

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.18

30.11.17

£

£

Bank loans

350,000

-

The bank loan is secured on the development property.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.18

30.11.17

value:

£

£

500

Ordinary A

£1

500

500

500

Ordinary B

£1

500

500

1,000

1,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 November 2018 and the

period ended 30 November 2017:

30.11.18

30.11.17

£

£

D P Chard

Balance outstanding at start of year

-

-

Amounts advanced

11,189

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,189

-

The loan is interest free unsecured and repayable in demand.

10.	RELATED PARTY DISCLOSURES

Included in other creditors falling due within one year is a loan account from a director amounting to £8,910. The

loan is interest free, unsecured and repayable on demand.