Brooke Homes Developments Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05399298 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

FOR

BROOKE HOMES DEVELOPMENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr J M Holleran

REGISTERED OFFICE:

39/40 Upper Grosvenor Street

Mayfair

London

W1K 2NG

REGISTERED NUMBER:

05399298 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

Prospero House

46-48 Rothesay Road

Luton

Bedfordshire

LU1 1QZ

FIXED ASSETS

Tangible assets

2

2,570

-

Investments

3

783,156

-

785,726

-

CURRENT ASSETS

Stocks

2,914,109

2,865,295

Debtors

235,777

236,492

Cash at bank

29,144

455

3,179,030

3,102,242

CREDITORS

Amounts falling due within one year

4

4,122,200

3,838,742

NET CURRENT LIABILITIES

(943,170

)

(736,500

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(157,444

)

(736,500

)

PROVISIONS FOR LIABILITIES

628,206

-

NET LIABILITIES

(785,650

)

(736,500

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(785,750

)

(736,600

)

SHAREHOLDERS' FUNDS

(785,650

)

(736,500

)

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 30 March 2015 and were signed by:

Mr J M Holleran - 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).

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Office equipment

-

20% on reducing balance

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.

Going concern

The director has considered the implications of the Insolvency Act 1986 and regards the balance sheet position

as temporary. Adequate funding has been arranged to finance the company's ongoing activities for the

foreseeable future.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

3,197

At 30 June 2014

3,197

DEPRECIATION

Charge for year

627

At 30 June 2014

627

NET BOOK VALUE

At 30 June 2014

2,570

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

783,156

At 30 June 2014

783,156

NET BOOK VALUE

At 30 June 2014

783,156

4.

CREDITORS

Creditors include an amount of £ 1,950,000 (2013 - £ 2,086,053 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100