Heart of England Properties Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03322727 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 APRIL 2013 TO 30 SEPTEMBER 2014

FOR

HEART OF ENGLAND PROPERTIES

LIMITED

TRADING AS

WOODFORD HOUSE NURSING HOME

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K A Bedwood

J H Briggs

SECRETARY:

K A Bedwood

REGISTERED OFFICE:

Woodford House

The Green

Trysull

Wombourne

WV5 7HW

REGISTERED NUMBER:

03322727 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

5 Argosy Court

Scimitar Way

Whitley Business Park

Coventry

CV3 4GA

FIXED ASSETS

Tangible assets

2

661,952

673,134

CURRENT ASSETS

Stocks

1,250

849

Debtors

488,990

122,886

Cash at bank and in hand

86,957

40,285

577,197

164,020

CREDITORS

Amounts falling due within one year

652,341

278,218

NET CURRENT LIABILITIES

(75,144

)

(114,198

)

TOTAL ASSETS LESS CURRENT LIABILITIES

586,808

558,936

CREDITORS

Amounts falling due after more than one year

(219,295

)

(182,045

)

PROVISIONS FOR LIABILITIES

(3,808

)

(8,264

)

NET ASSETS

363,705

368,627

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

363,605

368,527

SHAREHOLDERS' FUNDS

363,705

368,627

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2014 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 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 Board of Directors on 29 June 2015 and were signed on its behalf by:

K A Bedwood - Director

J H Briggs - 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).

Turnover

Turnover represents fees receivable for the year. The company is not registered for value added tax.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures, fittings and equipment

-

25% on reducing balance

Computer equipment

-

33.33% on cost

No depreciation has been charged on the freehold land.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Pension costs

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

917,375

Additions

33,734

Disposals

(2,237

)

At 30 September 2014

948,872

DEPRECIATION

At 1 April 2013

244,241

Charge for period

43,424

Eliminated on disposal

(745

)

At 30 September 2014

286,920

NET BOOK VALUE

At 30 September 2014

661,952

At 31 March 2013

673,134

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

50

Ordinary 'A'

£1

50

50

25

Ordinary 'B'

£1

25

25

25

Ordinary 'C'

£1

25

25

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended

30 September 2014 and the year ended 31 March 2013:

2014

2013

£

£

J H Briggs

Balance outstanding at start of period

55,592

-

Amounts advanced

-

55,592

Amounts repaid

(55,592

)

-

Balance outstanding at end of period

-

55,592