Quality Homes (Selly Oak) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07980161 (England and Wales)

QUALITY HOMES (SELLY OAK) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A Earp

REGISTERED OFFICE:

Churchfield House

36 Vicar Street

Dudley

West Midlands

DY2 8RG

REGISTERED NUMBER:

07980161 (England and Wales)

FIXED ASSETS

Tangible assets

2

16,595

-

Investment property

3

845,259

572,004

861,854

572,004

CURRENT ASSETS

Debtors

1,100

1,400

Cash at bank

57,394

2,930

58,494

4,330

CREDITORS

Amounts falling due within one year

4

42,402

21,363

NET CURRENT ASSETS/(LIABILITIES)

16,092

(17,033

)

TOTAL ASSETS LESS CURRENT LIABILITIES

877,946

554,971

CREDITORS

Amounts falling due after more than one year

4

871,917

558,523

NET ASSETS/(LIABILITIES)

6,029

(3,552

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

5,929

(3,652

)

SHAREHOLDERS' FUNDS

6,029

(3,552

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 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 15th July 2015 and were signed by:

A Earp - 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 rental income receivable.

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

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

22,127

At 31st March 2015

22,127

DEPRECIATION

Charge for year

5,532

At 31st March 2015

5,532

NET BOOK VALUE

At 31st March 2015

16,595

3.	INVESTMENT PROPERTY

Total

£

COST

At 1st April 2014

572,004

Additions

273,255

At 31st March 2015

845,259

NET BOOK VALUE

At 31st March 2015

845,259

At 31st March 2014

572,004

4.

CREDITORS

Creditors include an amount of £ 895,250 (2014 - £ 212,352 ) for which security has been given.

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

2015

2014

£

£

Repayable by instalments

701,917

147,272

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

ordinary

£1

100

100