Abbreviated Company Accounts - LIME GRANGE DEVELOPMENTS LIMITED

Abbreviated Company Accounts - LIME GRANGE DEVELOPMENTS LIMITED


Registered Number 08774369

LIME GRANGE DEVELOPMENTS LIMITED

Abbreviated Accounts

30 November 2014

LIME GRANGE DEVELOPMENTS LIMITED Registered Number 08774369

Abbreviated Balance Sheet as at 30 November 2014

Notes 2014
£
Current assets
Stocks 1,353,788
Debtors 100
Cash at bank and in hand 12,630
1,366,518
Creditors: amounts falling due within one year 2 (101,060)
Net current assets (liabilities) 1,265,458
Total assets less current liabilities 1,265,458
Creditors: amounts falling due after more than one year 2 (1,325,000)
Total net assets (liabilities) (59,542)
Capital and reserves
Called up share capital 3 100
Profit and loss account (59,642)
Shareholders' funds (59,542)
  • For the year ending 30 November 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 11 August 2015

And signed on their behalf by:
J D Shields, Director
C E L Ridgwell, Director

LIME GRANGE DEVELOPMENTS LIMITED Registered Number 08774369

Notes to the Abbreviated Accounts for the period ended 30 November 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
Stock and work in progress
Stock comprises completed residential properties and work in progress comprises work undertaken on residential properties under construction at the year end. Both are valued on the basis of direct costs plus, where considered appropriate, attributable overheads based on the normal level of activity to that period. Provision is made for any foreseeable losses where it is anticipated that the ultimate property sale will realise a loss based on valuation.

2Creditors
2014
£
Secured Debts 750,000
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
100 Ordinary shares of £1 each 100