Sunny Banks Estates Limited - Limited company - abbreviated - 11.9
Sunny Banks Estates Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| SUNNY BANKS ESTATES LIMITED |
| T/A |
| CRYLLA VALLEY |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| SUNNY BANKS ESTATES LIMITED (REGISTERED NUMBER: 00932388) |
| T/A CRYLLA VALLEY |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| SUNNY BANKS ESTATES LIMITED |
| T/A CRYLLA VALLEY |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| SUNNY BANKS ESTATES LIMITED (REGISTERED NUMBER: 00932388) |
| T/A CRYLLA VALLEY |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| 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. |
| The financial statements were approved by the Board of Directors on |
| SUNNY BANKS ESTATES LIMITED (REGISTERED NUMBER: 00932388) |
| T/A CRYLLA VALLEY |
| 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, modified to include the revaluation of |
| investment property, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced short and long term lets for the holiday cottages held in the company, excluding value |
| added tax. Turnover is recognised in full on the first day of each holiday let. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Investment property |
| In accordance with FRS 15, investment properties are included in the financial statements at their open market values. |
| Properties are revalued every 5 years by an external valuer, and values are reviewed every year by the directors. When the |
| value of a property is revalued above cost the aggregate surplus or deficit on revaluation is transferred to the revaluation |
| reserve. When the value of a property is revalued below cost, and this is considered to be a permanent diminution in value, |
| the difference is charged to the profit and loss account. |
| This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such |
| properties are held for their investment potential and not for use by the company, and so their current value is of prime |
| importance. The departure from the provisions of the Act is required in order to give a true and fair view. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| Deferred tax |
| Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different |
| from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences |
| which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply |
| when the timing differences reverse, based on current tax rates and laws. |
| Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no |
| commitment to sell the asset. |
| Deferred tax assets and liabilities are not discounted. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| Additions |
| At 31 March 2015 |
| DEPRECIATION |
| At 1 April 2014 |
| Charge for year |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| SUNNY BANKS ESTATES LIMITED (REGISTERED NUMBER: 00932388) |
| T/A CRYLLA VALLEY |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 April 2014 |
| and 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2015 | 2014 |
| £ | £ |
| Repayable by instalments | 260,048 | 327,596 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary shares | £1 |
| A shares | £1 |
| B shares | £1 |
| C shares | £1 |
| D shares | £1 |
| 45 | E shares | £1 | 45 | 45 |
| 10 | F shares | £1 | 10 | 10 |
| 10 | G shares | £1 | 10 | 10 |
| 375 | 375 |
| 6. | ULTIMATE PARENT COMPANY |
| Sunny Banks Estates Limited is a wholly owned subsidiary of Buckclose Limited, it's immediate parent undertaking and controlling party, which is incorporated in the UK. The ultimate parent company of Buckclose Limited is |
| Copies of the financial statements for Buckclose Limited can be obtained from Companies House, Crown Way, Cardiff. |