Abbreviated Company Accounts - USE DEVELOPMENTS LTD.

USE DEVELOPMENTS LTD. - Company Information

NI063762 USE DEVELOPMENTS LTD. 2015-03-31 false 2014-04-01 2015-03-31 true NI063762 2014-04-01 2015-03-31 NI063762 2015-03-31 NI063762 2014-03-31 NI063762 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 NI063762 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 iso4217:GBP shares

Registered Number NI063762

USE DEVELOPMENTS LTD.

Abbreviated Accounts

31 March 2015

USE DEVELOPMENTS LTD. Registered Number NI063762

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	112,451	112,451
Investments		-	-
		112,451	112,451
Current assets
Stocks		-	-
Debtors		-	-
Investments		-	-
Cash at bank and in hand		1,535	5,745
		1,535	5,745
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		0	0
Net current assets (liabilities)		1,535	5,745
Total assets less current liabilities		113,986	118,196
Creditors: amounts falling due after more than one year		(134,000)	(130,000)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		(20,014)	(11,804)
Capital and reserves
Called up share capital		4	4
Profit and loss account		(20,018)	(11,808)
Shareholders' funds		(20,014)	(11,804)

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 17 December 2015

And signed on their behalf by:
Michael Hegarty, Director

USE DEVELOPMENTS LTD. Registered Number NI063762

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 represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Land & Buildings have not been depreciated.

2Tangible fixed assets

	£
Cost
At 1 April 2014	112,451
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	112,451
Depreciation
At 1 April 2014	0
Charge for the year	-
On disposals	-
At 31 March 2015	0
Net book values
At 31 March 2015	112,451
At 31 March 2014	112,451

3Transactions with directors

Name of director receiving advance or credit:	Michael Hegarty
Description of the transaction:	Directors Loan
Balance at 1 April 2014:	£ 65,000
Advances or credits made:	£ 2,000
Advances or credits repaid:	-
Balance at 31 March 2015:	£ 67,000

Name of director receiving advance or credit:	Sharon O Neill
Description of the transaction:	Directors Loan
Balance at 1 April 2014:	£ 65,000
Advances or credits made:	£ 2,000
Advances or credits repaid:	-
Balance at 31 March 2015:	£ 67,000

Michael Hegarty is a company director and has a direct and indirect interest in 50% of the company’s equity share capital. The balance owed to Michael Hegarty on the directors loan account at the 31st March 2015 was £67,000 (2014: £65,000). No interest has been charged on this outstanding amount.

Sharon O’Neill is a company director and has a direct and indirect interest in 50% of the company’s equity share capital. The balance owed to Sharon O’Neill on the directors loan account at the 31st March 2015 was £67,000 (2014: £65,000). No interest has been charged on this outstanding amount.