Shortland Horne Residential Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03955451 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

SHORTLAND HORNE RESIDENTIAL LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

17,423

31,183

Investments

3

-

50

17,423

31,233

CURRENT ASSETS

Stocks

94,362

93,232

Debtors

4

117,465

95,875

Cash at bank and in hand

43,422

28,597

255,249

217,704

CREDITORS

Amounts falling due within one year

5

97,307

109,212

NET CURRENT ASSETS

157,942

108,492

TOTAL ASSETS LESS CURRENT LIABILITIES

175,365

139,725

CREDITORS

Amounts falling due after more than one year

5

(370,252

)

(415,750

)

PROVISIONS FOR LIABILITIES

(436

)

-

NET LIABILITIES

(195,323

)

(276,025

)

CAPITAL AND RESERVES

Called up share capital

6

118

118

Share premium

9,988

9,988

Capital redemption reserve

15

15

Profit and loss account

(205,444

)

(286,146

)

SHAREHOLDERS' FUNDS

(195,323

)

(276,025

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 24 September 2015 and were signed on its behalf by:

Mr D J Shortland - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared in accordance with the applicable accounting standards. The principal

accounting policies adopted in the preparation of the financial statements are set out below and have remained

unchanged for the previous year.

At 31 March 2015 the company had net liabilities of £195,323 (2014 :£276,025). Within creditors due after

more than one year are amounts due to associated companies totalling £352,199 (2014 :£382,199). The directors

and associated companies have indicated a willingness to continue to support the company and are actively

considering a further injection of funds. In view of this and the on-going availability of the bank overdraft facility

the directors believe the company constitutes a going concern. The financial statements are prepared on this

basis.

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 comprises the value of sales (net of value added tax) of services provided in the normal course of

business. Revenue is recognised in respect of service contracts when the company obtains the right to

consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

over the lease term

Fixtures and fittings

-

15% on reducing balance

Office equipment

-

Straight line over 7 years

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

93,242

Additions

2,504

Disposals

(25,510

)

At 31 March 2015

70,236

DEPRECIATION

At 1 April 2014

62,059

Charge for year

10,353

Eliminated on disposal

(19,599

)

At 31 March 2015

52,813

NET BOOK VALUE

At 31 March 2015

17,423

At 31 March 2014

31,183

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2014

50

Disposals

(50

)

At 31 March 2015

-

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

50

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 50,000 (2014 - £ 50,000 )

5.

CREDITORS

Creditors include an amount of £ 27,549 (2014 - £ 53,853 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

118

Ordinary

£1.00

118

118