Plant Developments Limited - Limited company - abbreviated - 11.6
Plant Developments Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 March 2015 |
| for |
| Plant Developments Limited |
| Plant Developments Limited (Registered number: 03513772) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 March 2015 |
| Page |
| Abbreviated Balance Sheet | 1 |
| Notes to the Abbreviated Accounts | 3 |
| Plant Developments Limited (Registered number: 03513772) |
| Abbreviated Balance Sheet |
| 31 March 2015 |
| 31.3.15 | 31.3.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Plant Developments Limited (Registered number: 03513772) |
| Abbreviated Balance Sheet - continued |
| 31 March 2015 |
| The financial statements were approved by the Board of Directors on behalf by: |
| Plant Developments Limited (Registered number: 03513772) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 March 2015 |
| 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 amounts receivable from the sale of residential properties and rent receivable in respect |
| of investment properties in the United Kingdom. |
| Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, |
| turnover also includes the element of work completed but not yet invoiced. |
| Investment property |
| Investment properties are stated at open market value and are revalued periodically. Surpluses on individual |
| properties are transferred to the revaluation reserve. |
| In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), no depreciation |
| is provided on investment properties. This accounting policy is a departure from the statutory accounting rules |
| of Companies Act 2006 to provide depreciation on any fixed asset which has a useful economic life. In the |
| opinion of the directors, this departure is necessary to provide a true and fair view. The financial effect of the |
| departure from the statutory accounting rules cannot reasonably be quantified, as depreciation is only one of |
| many factors taken into consideration in the valuation of investment properties and it is not practicable to |
| identify it separately. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| 2. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 April 2014 |
| and 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| Plant Developments Limited (Registered number: 03513772) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2015 |
| 3. | CREDITORS - continued |
| They also include the following debts falling due in more than five years: |
| 31.3.15 | 31.3.14 |
| £ | £ |
| Repayable by instalments | 246,554 | 273,014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.15 | 31.3.14 |
| value: | £ | £ |
| NIL | Ordinary | £1 |
| (31.3.14 - |
| Ordinary A | £1 |
| Ordinary B | £1 |
| Ordinary C | £1 |
| 200 | 200 |
| During the year the company reclassified its Ordinary shares into Ordinary A shares, Ordinary B shares and |
| Ordinary C shares. |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 March 2015 and |
| 31 March 2014: |
| 31.3.15 | 31.3.14 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Balance outstanding at end of year |
| Loans to directors have no fixed date of repayment and are interest free. |