Noralle Traditional Country Homes Ltd - Limited company - abbreviated

REGISTERED NUMBER: 05806357 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

FOR

NORALLE TRADITIONAL COUNTRY HOMES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B W Alsop

Mrs L Goring

C M Sharples

R Wilkes

SECRETARY:

Mrs L Goring

REGISTERED OFFICE:

Brooklands Cottage

Folly Lane

Napton

Southam

Warwickshire

CV47 8NZ

REGISTERED NUMBER:

05806357 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Tangible assets

2

32,333

46,372

CURRENT ASSETS

Stocks

1,821,664

186,397

Debtors

90,878

178,260

Cash at bank and in hand

67,331

101,998

1,979,873

466,655

CREDITORS

Amounts falling due within one year

1,143,587

206,894

NET CURRENT ASSETS

836,286

259,761

TOTAL ASSETS LESS CURRENT
LIABILITIES

868,619

306,133

CREDITORS

Amounts falling due after more than one
year

(640,000

)

-

PROVISIONS FOR LIABILITIES

(6,243

)

(9,002

)

NET ASSETS

222,376

297,131

CAPITAL AND RESERVES

Called up share capital

3

816

Capital redemption reserve

(99,641

)

(99,641

)

Profit and loss account

321,201

395,956

SHAREHOLDERS' FUNDS

222,376

297,131

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 20 October 2015 and were signed on its behalf by:

B W Alsop - 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

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 provided in full on timing differences which result in an obligation at the Balance Sheet date to

pay more tax, or a right to pay less tax, at a future date at rates expected to apply when they crystallise based on

current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in

taxation computations in periods different from those in which they are included in the financial statements.

Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be

recovered. Deferred tax assets and liabilities are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

99,061

Additions

8,000

At 31 August 2015

107,061

DEPRECIATION

At 1 September 2014

52,689

Charge for year

22,039

At 31 August 2015

74,728

NET BOOK VALUE

At 31 August 2015

32,333

At 31 August 2014

46,372

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

666

Ordinary A

£1

666

150

Ordinary B

£1

150

816

4.	ULTIMATE PARENT COMPANY

Noralle (Holdings) Limited (incorporated in England ) is regarded by the directors as being the company's

ultimate parent company.

5.	RELATED PARTY DISCLOSURES

Included in other creditors are loans made to the company by B W Alsop (director) amounting to £600,000

(2014 £nil). Interest has been charged on the loans during the year amounting to £10,106.

Included in other creditors are loans made to the company by C M Sharples (director) amounting to £20,000

(2014 £nil). Interest has been charged on the loans during the year amounting to £85.

Included in other creditors due after more than one year, are loans made to the company by C Sharples

amounting to £400,000. Interest has been charged on the loans during the year amounting to £11,305.

Included in other creditors due after more than one year, are loans made to the company by J & D Alsop

amounting to £200,000. Interest has been charged on the loans during the year amounting to £5,188.

Included in other creditors due after more than one year, are loans made to the company by D Service amounting

to £40,000. Interest has been charged on the loans during the year amounting to £170.

The company operates from premises owned by B W Alsop (director), rent paid by the company during the year

amounted to £10,080 (2014 £10,080).

Noralle Traditional Country Homes Ltd - Limited company - abbreviated - 11.6

Noralle Traditional Country Homes Ltd - Limited company - abbreviated - 11.6