Villapark Properties Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03905102 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

FOR

VILLAPARK PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr A Rosenberg

REGISTERED OFFICE:

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

03905102 (England and Wales)

ACCOUNTANTS:

Raffingers Stuart

Chartered Certified Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

CURRENT ASSETS

Stocks

138,706

138,706

Debtors

132,395

130,900

Cash at bank

6,572

3,256

277,673

272,862

CREDITORS

Amounts falling due within one year

6,651

6,097

NET CURRENT ASSETS

271,022

266,765

TOTAL ASSETS LESS CURRENT LIABILITIES

271,022

266,765

CREDITORS

Amounts falling due after more than one year

2

197,985

197,985

NET ASSETS

73,037

68,780

CAPITAL AND RESERVES

Called up share capital

3

150

150

Profit and loss account

72,887

68,630

SHAREHOLDERS' FUNDS

73,037

68,780

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

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

The director acknowledges his 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 director on 25 March 2015 and were signed by:

Mr A Rosenberg - Director

1.	ACCOUNTING POLICIES

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).

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred tax

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

2.

CREDITORS

Creditors include an amount of £ 197,985 (2013 - £ 197,985 ) for which security has been given.

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

2014

2013

£

£

Repayable otherwise than by instalments

197,985

197,985

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

150

Ordinary

£1

150

150