Capla Homes Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06479024 (England and Wales)

CAPLA HOMES LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTORS:

C J Richardson

P Stubbins

SECRETARY:

C J Richardson

REGISTERED OFFICE:

Let It House

Lombard Street

Newark

Nottinghamshire

NG24 1XG

REGISTERED NUMBER:

06479024 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Tangible assets

2

1,930,001

2,080,001

CURRENT ASSETS

Debtors

21,974

2

CREDITORS

Amounts falling due within one year

2,400

56,677

NET CURRENT ASSETS/(LIABILITIES)

19,574

(56,675

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,949,575

2,023,326

CREDITORS

Amounts falling due after more than one year

3

1,635,605

1,704,483

NET ASSETS

313,970

318,843

CAPITAL AND RESERVES

Called up share capital

4

2

2

Revaluation reserve

131,008

208,753

Profit and loss account

182,960

110,088

SHAREHOLDERS' FUNDS

313,970

318,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 23 July 2015 and were signed on its behalf by:

P Stubbins - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities

(effective April 2008).

Turnover

Turnover represents the rents payable to the company.

Revenue is recognised on the sale of land and houses when the risks and rewards of the underlying sale have

been substantially transferred to the customer, which is upon the exchange of contracts.

Revenue received on the letting of the properties is recognised on the accruals basis.

Deferred tax

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

balance sheet date, except for the deferred tax asset on tax losses carried forward . In accordance with

Financial Reporting Standard for Smaller Entities (effective April 2008) deferred tax has not been provided on

the potential tax liability that would arise if the investment properties were disposed of at their revalued

amounts.

Investment properties

In accordance with Financial Reporting Standards for Smaller Entities (effective April 2008) investment

properties are revalued annually and the aggregate surplus or deficit is transferred to the investment

revaluation reserve. Depreciation is not provided in respect of investment properties. The directors consider

that this accounting policy is necessary in order to provide a true and fair view.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 November 2013

2,080,001

Disposals

(120,000

)

Revaluations

(30,000

)

At 31 October 2014

1,930,001

NET BOOK VALUE

At 31 October 2014

1,930,001

At 31 October 2013

2,080,001

3.

CREDITORS

Creditors include an amount of £ 1,635,605 (31.10.13 - £ 1,704,483 ) for which security has been given.

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

31.10.14

31.10.13

£

£

Repayable otherwise than by instalments

1,635,605

1,704,483

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

2

Ordinary shares

£1

2

2

5.	ULTIMATE PARENT COMPANY

The ultimate parent company is Capla Group Holdings Limited.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Capla Homes Ltd for the year ended 31 October 2014 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Capla Homes Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Capla Homes Ltd and state those matters that we have agreed to state to the Board of Directors of Capla Homes Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Capla Homes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Capla Homes Ltd. You consider that Capla Homes Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Capla Homes Ltd. For this

reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

Date: .............................................