Polly Moore Homes Limited - Period Ending 2015-06-30

Polly Moore Homes Limited - Period Ending 2015-06-30


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Registration number: 09106254

Polly Moore Homes Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2015
 

Effective Accounting Solutions Limited
Certified

 

Polly Moore Homes Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Polly Moore Homes Limited
for the Year Ended 30 June 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Polly Moore Homes Limited for the year ended 30 June 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Polly Moore Homes Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Polly Moore Homes Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Polly Moore Homes Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Polly Moore Homes Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Polly Moore Homes Limited. You consider that Polly Moore Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Polly Moore Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Effective Accounting Solutions Limited
Certified

Date:.............................

 

Polly Moore Homes Limited
(Registration number: 09106254)
Abbreviated Balance Sheet at 30 June 2015

   

Note

   

2015
£

 

Fixed assets

 

       

Tangible fixed assets

 

   

414,879

 

Current assets

 

       

Cash at bank and in hand

 

   

14,962

 

Creditors: Amounts falling due within one year

 

   

(424,466)

 

Net current liabilities

 

   

(409,504)

 

Net assets

 

   

5,375

 

Capital and reserves

 

       

Called up share capital

 

3

   

100

 

Profit and loss account

 

   

5,275

 

Shareholders' funds

 

   

5,375

 

For the year ending 30 June 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 September 2015 and signed on its behalf by:

.........................................
Ms Pauline Moore
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Polly Moore Homes Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Investment properties

See separate note

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.



2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

Additions

 

414,879

   

414,879

 

At 30 June 2015

 

414,879

   

414,879

 

Depreciation

           

At 30 June 2015

 

-

   

-

 

Net book value

           

At 30 June 2015

 

414,879

   

414,879

 
 

Polly Moore Homes Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

2015

   

No.

   

£

 

Ordinary of £1 each

 

40

   

40

 

Ordinary A of £1 each

 

60

   

60

 
   

100

   

100

 

4

Related party transactions

Directors' advances and credits

 

2015
Advance/ Credit
£

2015
Repaid
£

Mr Max Oliver Southall

Loan

(211,022)

-