Primegate Properties (Blunsdon) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05414983 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

FOR

PRIMEGATE PROPERTIES (BLUNSDON) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D E Beacom

Mrs A Beacom

SECRETARY:

Mrs A Beacom

REGISTERED OFFICE:

West Ridge

Downs Lane

Marlborough

Wiltshire

SN8 1RP

REGISTERED NUMBER:

05414983 (England and Wales)

ACCOUNTANTS:

Griffins

Chartered Accountants

Griffins Court

24-32 London Road

NEWBURY

Berkshire

RG14 1JX

CURRENT ASSETS

Stocks

862,061

825,739

Debtors

24,632

24,632

Cash at bank

112

159

886,805

850,530

CREDITORS

Amounts falling due within one year

896,797

859,416

NET CURRENT LIABILITIES

(9,992

)

(8,886

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,992

)

(8,886

)

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

(10,092

)

(8,986

)

SHAREHOLDERS' FUNDS

(9,992

)

(8,886

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 6 November 2015 and were signed on its behalf by:

D E Beacom - 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).

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

date.

Land options

Payments made to secure purchase option agreements over land are shown as a current asset within stocks and are stated

at the lower of cost and net realisable value. The carrying cost of the option at the date of exercise in included within the

cost of land purchased as a result of the option exercise.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28/2/15

28/2/14

value:

£

£

100

Ordinary

£1

100

100