Haywood Homes (Investments) Limited,Ltd - Accounts

HAYWOOD HOMES (INVESTMENTS) LIMITED - Company Information

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Haywood Homes (Investments) Limited

For the year ended 28 February 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 08410445

Contents Page

Haywood Homes (Investments) Limited

For the year ended 28 February 2015

Balance Sheet

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Notes to the Abbreviated Financial Statements

Abbreviated Balance Sheet

Haywood Homes (Investments) Limited

As at 28 February 2015

08410445

Registered Number :

2015

Notes

2014

Fixed assets

Investments

420,000

498,400

420,000

Current assets

Stocks

1,000

Debtors

1,327,982

1,254,058

Cash at bank and in hand

463

10,630

1,255,521

1,339,612

Creditors: amounts falling due within one year

(5,775)

1,333,837

1,255,521

Net current assets

Total assets less current liabilities

1,753,921

1,753,837

Creditors: amounts falling due after more than one year

(700)

1,753,221

Net assets

1,753,837

Capital and reserves

Called up share capital

1,754,500

Profit and loss account

(1,279)

(663)

1,753,221

1,753,837

Shareholders funds

For the year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 13 August 2015

Michael Robert Haywood Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Haywood Homes (Investments) Limited

For the year ended 28 February 2015

1 Accounting Policies

Basis of accounting

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

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value as follows: Goods for resale Purchase cost on a first-in, first-out basis:Raw materials Purchase cost on a first-in, first-out basisConsumables Purchase cost on a first-in, first-out basisWork in progress Cost of direct materials and labour, including all direct overheads and the attributable proportion of indirect overhead expensesFinished goods Cost of direct materials and labour, including all direct overheads and the attributable proportion of indirect overhead expenses Debtors include amounts recoverable on long term contracts which are stated at the net sales value of the work done after provision for contingencies and any anticipated future losses on contracts, less amounts received as progress payments on account. Any excess progress payments are included in creditors as payments on account.

Current asset investments

Current asset investments are stated at the lower of cost and net realisable value.

Preference shares

The company's preference shares are treated as a financial liability since they are subject to mandatory redemption for

a fixed or determinable amount at a fixed or determinable time and are thus included in creditors in the financial

statements rather than as part of the company's issued share capital.

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Notes to the Abbreviated Financial Statements

Haywood Homes (Investments) Limited

For the year ended 28 February 2015

2 Fixed asset investments

Fixed asset

investments

Cost

498,400

Additions

At 28 February 2015

498,400

Net book value

At 28 February 2015

498,400

Debtors include an amount of £1248130 (2014: £1316530) falling due after more than one year

3 Debtors:

4 Share capital

Authorised

8,500 Ordinary Share Class 1 shares of £1.00 each

850,000 Preference Share Class1 shares of £1.00 each

896,000 Preference Share Class2 shares of £1.00 each

Allotted called up and fully paid

2015

2014

8,500 Ordinary Share Class 1 shares of £1.00 each

8,500

850,000 Preference Share Class1 shares of £1.00 each

850,000

896,000 Preference Share Class2 shares of £1.00 each

896,000

1,754,500

858,500

896000 Preference Share Class2 £1.00 shares have been issued during the year at par for a non-cash consideration of £896000.

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