Abbreviated Company Accounts - WALKER SHEPPARD HOMES LIMITED

WALKER SHEPPARD HOMES LIMITED - Company Information

05990771 WALKER SHEPPARD HOMES LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 05990771 2014-04-01 2015-03-31 05990771 2015-03-31 05990771 2014-03-31 05990771 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 05990771 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 05990771

WALKER SHEPPARD HOMES LIMITED

Abbreviated Accounts

31 March 2015

WALKER SHEPPARD HOMES LIMITED Registered Number 05990771

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Current assets
Stocks		2,970,000	3,510,000
Debtors		164,265	160,922
Cash at bank and in hand		1,745	805
		3,136,010	3,671,727
Creditors: amounts falling due within one year	2	(16,384)	(30,035)
Net current assets (liabilities)		3,119,626	3,641,692
Total assets less current liabilities		3,119,626	3,641,692
Creditors: amounts falling due after more than one year	2	(5,117,867)	(5,709,295)
Total net assets (liabilities)		(1,998,241)	(2,067,603)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		(1,999,241)	(2,068,603)
Shareholders' funds		(1,998,241)	(2,067,603)

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 31 December 2015

And signed on their behalf by:
M.R. SHEPPARD, Director

WALKER SHEPPARD HOMES LIMITED Registered Number 05990771

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 revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Other accounting policies
Going concern
In preparing these financial statements the directors have considered the adequacy of the company's finances to enable it to continue as a going concern. In light of the current conditions prevailing in the U.K. property markets the continued support of the company's bankers and directors is vital in order for the company to continue as a going concern. The financial statements are prepared on a going concern basis and, as such, take no account of any potential write-down in assets values which may crystallise should the company cease to be a going concern.

2Creditors

	2015 £	2014 £
Secured Debts	5,117,867	5,709,295

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000