Sudeley Homes (West) Limited - Period Ending 2015-03-31

Registration number: 04822625

Sudeley Homes (West) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Sudeley Homes (West) Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Sudeley Homes (West) Limited
(Registration number: 04822625)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Current assets
Stocks					665,000			657,300
Debtors		3			134,688			138,137
Cash at bank and in hand					13,500			8,045
					813,188			803,482
Creditors: Amounts falling due within one year					(131,776)			(119,736)
Total assets less current liabilities					681,412			683,746
Creditors: Amounts falling due after more than one year					(431,518)			(431,518)
Net assets					249,894			252,228
Capital and reserves
Called up share capital		5			475			475
Capital redemption reserve					125			125
Profit and loss account					249,294			251,628
Shareholders' funds					249,894			252,228

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 24 December 2015 and signed on its behalf by:

.........................................
P Bille
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Sudeley Homes (West) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 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).

Going concern

The company is reliant upon the continuing financial support of the related company.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of building and property services during the period.

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
Plant and machinery	25% straight line

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Sudeley Homes (West) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		8,995			8,995
At 31 March 2015		8,995			8,995
Depreciation
At 1 April 2014		8,995			8,995
At 31 March 2015		8,995			8,995
Net book value
At 31 March 2015		-			-
At 31 March 2014		-			-

3

Debtors

Debtors includes £26,938 (2014 - £26,938) receivable after more than one year.

 

4

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due after more than one year		431,518			431,518

5	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		475			475			475			475

Page 3

Sudeley Homes (West) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

6

Control

The company is controlled by the company's parent undertaking, Bengeworth Property Development Ltd which owns 73.68% of the issued share capital of the company.

Page 4