Van Developments Limited - Limited company accounts 11.9

REGISTERED NUMBER: 03448346 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

VAN DEVELOPMENTS LIMITED

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

A Record MBE

SECRETARY:

K D Saunby ACIS

REGISTERED OFFICE:

Brook House

Caerphilly Business Park

Caerphilly

CF83 3GG

REGISTERED NUMBER:

03448346 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

The director presents his report with the financial statements of the company for the year ended 30 April 2015.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of building contracting services.

DIRECTOR

A Record MBE held office during the whole of the period from 1 May 2014 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

A Record MBE - Director

21 January 2016

TURNOVER

-

17,237

Cost of sales

-

15,541

GROSS PROFIT

-

1,696

Administrative expenses

1,368

6,241

OPERATING LOSS

2

(1,368

)

(4,545

)

Interest payable and similar charges

-

127

LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION

(1,368

)

(4,672

)

Tax on loss on ordinary activities

3

-

LOSS FOR THE FINANCIAL YEAR

(1,368

)

(4,672

)

CURRENT ASSETS

Debtors

5

18,000

33

Cash at bank

613

20,149

18,613

20,182

CREDITORS

Amounts falling due within one year

6

7,932

8,133

NET CURRENT ASSETS

10,681

12,049

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,681

12,049

CAPITAL AND RESERVES

Called up share capital

7

10,000

Profit and loss account

8

681

2,049

SHAREHOLDERS' FUNDS

10,681

12,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 21 January 2016 and were signed by:

A Record MBE - 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).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, adjusted for work in

progress.

Deferred tax

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

sheet date.

Work in progress

Work in progress is valued at selling price and is included within debtors.

2.	OPERATING LOSS

The operating loss is stated after charging:

2015

2014

£

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 30 April 2015 nor for the year

ended 30 April 2014.

4.

DIVIDENDS

2015

2014

£

Interim

-

50,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

Amounts owed by group undertakings

18,000

-

Other debtors

-

33

18,000

33

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

Trade creditors

6,932

6,933

Accruals

1,000

1,200

7,932

8,133

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

10,000

Ordinary

£1

10,000

8.

RESERVES

Profit

and loss

account

£

At 1 May 2014

2,049

Deficit for the year

(1,368

)

At 30 April 2015

681

9.	ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of WCR Limited, a company incorporated in England and Wales.

WCR Limited is a wholly owned subsidiary of WCR Group Limited, a company incorporated in England and

Wales, and the directors consider this company to be the ultimate parent company.

10.	CONTINGENT LIABILITIES

The company is part of a VAT group registration and at the year end there was a contingent liability of £61,823

(2014-£63,839) in this respect.

11.	RELATED PARTY DISCLOSURES

In the year the company was invoiced £nil (2014-£3,125) in respect of office rent by WCR Property Limited a

fellow group company.

During the year the company loaned WCR Group Limited, its ultimate parent company, £18,000 (2014-£nil) and

at the year end this amount was still outstanding.

12.	ULTIMATE CONTROLLING PARTY

W J Record is the ultimate controlling party by virtue of his shareholding in the ultimate parent company.