Abbreviated Company Accounts - FRASER HOUSES (N.I.) LIMITED

FRASER HOUSES (N.I.) LIMITED - Company Information

NI016589 FRASER HOUSES (N.I.) LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true NI016589 2014-04-01 2015-03-31 NI016589 2015-03-31 NI016589 2014-03-31 NI016589 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 NI016589 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number NI016589

FRASER HOUSES (N.I.) LIMITED

Abbreviated Accounts

31 March 2015

FRASER HOUSES (N.I.) LIMITED Registered Number NI016589

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	20,719	11,430
Investments	3	1,323,025	1,323,025
		1,343,744	1,334,455
Current assets
Stocks		17,230,794	17,105,397
Debtors		1,188,050	1,302,601
Investments		6,971,495	7,199,263
Cash at bank and in hand		1,266,781	1,334,791
		26,657,120	26,942,052
Creditors: amounts falling due within one year		(10,915,263)	(10,956,841)
Net current assets (liabilities)		15,741,857	15,985,211
Total assets less current liabilities		17,085,601	17,319,666
Provisions for liabilities		(1,747,267)	(1,747,267)
Total net assets (liabilities)		15,338,334	15,572,399
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		15,338,234	15,572,299
Shareholders' funds		15,338,334	15,572,399

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 16 December 2015

And signed on their behalf by:
P M Fraser, Director

FRASER HOUSES (N.I.) LIMITED Registered Number NI016589

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery 20% Straight Line
Motor vehicles 20% Straight Line

Investments
Fixed asset investments are stated at cost less provision for diminution in value.
Current asset investments are stated at the lower of cost and new realisable value.

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value

Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

Deferred taxation
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

2Tangible fixed assets

	£
Cost
At 1 April 2014	181,353
Additions	23,024
Disposals	(56,884)
Revaluations	-
Transfers	-
At 31 March 2015	147,493
Depreciation
At 1 April 2014	169,923
Charge for the year	5,759
On disposals	(48,908)
At 31 March 2015	126,774
Net book values
At 31 March 2015	20,719
At 31 March 2014	11,430

3Fixed assets Investments
The company holds 100% of the share capital of the following companies:

Emerdon Investments Limited
Fraser Partnership (NI) Limited

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100