TILEMANS_PARK_LTD - Accounts

TILEMANS PARK LIMITED - Company Information

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Company Registration No. 03758900 (England and Wales)

TILEMANS PARK LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2015

TILEMANS PARK LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

TILEMANS PARK LTD

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

744,583

145,858

Current assets

Debtors

31,021

19,917

Cash at bank and in hand

4,409

23,745

35,430

43,662

Creditors: amounts falling due within one year

(93,224)

(22,274)

Net current (liabilities)/assets

(57,794)

21,388

Total assets less current liabilities

686,789

167,246

Creditors: amounts falling due after more than one year

(581,680)

(103,274)

Provisions for liabilities

(6,697)

(5,693)

98,412

58,279

Capital and reserves

Called up share capital

10,000

Profit and loss account

88,412

48,279

Shareholders' funds

98,412

58,279

TILEMANS PARK LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2015

- 2 -

For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 22 June 2015

Mrs Lesley Butler

Director

Company Registration No. 03758900

TILEMANS PARK LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

No Depreciation

Plant and machinery

25% Reducing Balance

Fixtures, fittings & equipment

25% Reducing Balance

Motor vehicles

25% Straight Line

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

TILEMANS PARK LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 May 2014

255,790

Additions

611,935

Disposals

(7,290)

At 30 April 2015

860,435

Depreciation

At 1 May 2014

109,932

On disposals

(6,884)

Charge for the year

12,804

At 30 April 2015

115,852

Net book value

At 30 April 2015

744,583

At 30 April 2014

145,858

Creditors: amounts falling due after more than one year

2015

2014

Total amounts repayable by instalments which are due in more than five years

406,708

Share capital

2015

2014

Allotted, called up and fully paid

10,000 Ordinary of £1 each

10,000

Related party relationships and transactions

TILEMANS PARK LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2015

Related party relationships and transactions

(Continued)

- 5 -

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Lesley Butler

19,250

Sally Fisher-Davis

19,250

38,500