Lillypark Developments Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04358028 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

LILLYPARK DEVELOPMENTS LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

CURRENT ASSETS

Stocks

467,906

467,906

Debtors

3,227

4,460

Cash at bank

348

-

471,481

472,366

CREDITORS

Amounts falling due within one year

2

466,140

470,035

NET CURRENT ASSETS

5,341

2,331

TOTAL ASSETS LESS CURRENT LIABILITIES

5,341

2,331

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

5,340

2,330

SHAREHOLDERS' FUNDS

5,341

2,331

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 30 September 2015 and were signed by:

Mr B C Pett - 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 the sale of properties or other property related services net of VAT.

Stocks

Stock represents the market value of completed properties held at the balance sheet date.

Deferred tax

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

balance sheet date.

2.

CREDITORS

Creditors include an amount of £ 408,585 (2013 - £ 408,616 ) for which security has been given.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

4.	ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY