Abbreviated Company Accounts - QUORN HOMES LIMITED

QUORN HOMES LIMITED - Company Information

05059643 QUORN HOMES LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 05059643 2014-04-01 2015-03-31 05059643 2015-03-31 05059643 2014-03-31 05059643 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 05059643 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:Director4 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director4 2015-03-31 uk-gaap-cd-bus:Director4 2014-03-31 uk-gaap-cd-bus:Director5 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director5 2015-03-31 uk-gaap-cd-bus:Director5 2014-03-31 iso4217:GBP shares

Registered Number 05059643

QUORN HOMES LIMITED

Abbreviated Accounts

31 March 2015

QUORN HOMES LIMITED Registered Number 05059643

Abbreviated Balance Sheet as at 31 March 2015

	2015	2014
	£	£
Current assets
Stocks	458,832	458,832
Debtors	-	210
Cash at bank and in hand	10,144	10,775
	468,976	469,817
Creditors: amounts falling due within one year	(6,254)	(5,890)
Net current assets (liabilities)	462,722	463,927
Total assets less current liabilities	462,722	463,927
Creditors: amounts falling due after more than one year	(361,265)	(377,265)
Total net assets (liabilities)	101,457	86,662
Capital and reserves
Called up share capital	1,000	1,000
Profit and loss account	100,457	85,662
Shareholders' funds	101,457	86,662

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 1 December 2015

And signed on their behalf by:
Mr J Morley, Director

QUORN HOMES LIMITED Registered Number 05059643

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the Company net of Value Added Tax and trade discounts.

Other accounting policies
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.

2Transactions with directors

Name of director receiving advance or credit:	Mr J Morley
Description of the transaction:	Loan
Balance at 1 April 2014:	£ 164,283
Advances or credits made:	-
Advances or credits repaid:	£ 8,000
Balance at 31 March 2015:	£ 156,283

Name of director receiving advance or credit:	Mr K P Beecroft (Deceased)
Description of the transaction:	Loan
Balance at 1 April 2014:	£ 45,136
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 March 2015:	£ 45,136

Name of director receiving advance or credit:	Mrs P Beecroft
Description of the transaction:	Loan
Balance at 1 April 2014:	£ 3,564
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 March 2015:	£ 3,564