Oakwood Homes (Development) Limited - Limited company - abbreviated - 11.9

OAKWOOD HOMES (DEVELOPMENT) LIMITED

Abbreviated Unaudited Accounts

for the Period 29th May 2014 to 5th April 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N J D Payne

REGISTERED OFFICE:

59 The Avenue

Southampton

Hampshire

SO17 1XS

REGISTERED NUMBER:

09060767 (England and Wales)

ACCOUNTANTS:

Hall & Co

Chartered Accountants

59 The Avenue

Southampton

Hampshire

SO17 1XS

CURRENT ASSETS

Stocks

232,954

Debtors

196,263

429,217

CREDITORS

Amounts falling due within one year

429,685

NET CURRENT LIABILITIES

(468

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(468

)

CAPITAL AND RESERVES

Called up share capital

2

1

Profit and loss account

(469

)

SHAREHOLDERS' FUNDS

(468

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5th April 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 5th April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 3rd January 2016 and were signed by:

N J D Payne - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Stocks

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

Cost includes all direct expenditure and represents the company share of a joint development project.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

3.	TRANSACTIONS WITH DIRECTORS

The director advanced funds to the company for working capital requirements on loan account. The

loan is interest free and repayable on demand. At 5th April 2015 the amount due to the director

amounted to £429,025.