St Martin's Developments (Hereford) Ltd - Period Ending 2014-04-30

30 April 2014

Ordinary of £1 each

ST MARTIN'S DEVELOPMENTS (HEREFORD) LTD - Company Information

Registration number: 08362733

St Martin's Developments (Hereford) Ltd

Unaudited Abbreviated Accounts

for the Period from 16 January 2013 to 30 April 2014

Young & Co
Chartered Accountants
Bewell House
Bewell Street
Hereford
Herefordshire
HR4 0BA

St Martin's Developments (Hereford) Ltd
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
St Martin's Developments (Hereford) Ltd
for the Period Ended 30 April 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of St Martin's Developments (Hereford) Ltd for the period ended 30 April 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of St Martin's Developments (Hereford) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of St Martin's Developments (Hereford) Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than St Martin's Developments (Hereford) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that St Martin's Developments (Hereford) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of St Martin's Developments (Hereford) Ltd. You consider that St Martin's Developments (Hereford) Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of St Martin's Developments (Hereford) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Young & Co
Chartered Accountants
Bewell House
Bewell Street
Hereford
Herefordshire
HR4 0BA

28 July 2014

Page 1

St Martin's Developments (Hereford) Ltd
(Registration number: 08362733)
Abbreviated Balance Sheet at 30 April 2014

	Note	30 April 2014 £
Current assets
Stocks		150,000
Debtors		1,900
Cash at bank and in hand		328
		152,228
Creditors: Amounts falling due within one year		(151,080)
Net assets		1,148
Capital and reserves
Called up share capital	2	100
Profit and loss account		1,048
Shareholders' funds		1,148

For the year ending 30 April 2014 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 director acknowledges her 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 director on 28 July 2014

.........................................
Mrs C L Tobin
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

St Martin's Developments (Hereford) Ltd
Notes to the Abbreviated Accounts for the Period from 16 January 2013 to 30 April 2014
......... 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).

Turnover

All turnover was derived from the provision of goods and services that fall within the company's ordinary continuing activities stated net of value added tax. All turnover has been based on the same class of business and supplied to United Kingdom customers.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.

2	Share capital

Allotted, called up and fully paid shares

New shares allotted

During the period 100 Ordinary having an aggregate nominal value of £100 were allotted for an aggregate consideration of £nil. Shares were allocated at incorporation to introduce initial capital.

Page 3

St Martin's Developments (Hereford) Ltd
Notes to the Abbreviated Accounts for the Period from 16 January 2013 to 30 April 2014
......... continued

3	Related party transactions

Director's advances and credits

	16 January 2013 to 30 April 2014 Advance/ Credit £	16 January 2013 to 30 April 2014 Repaid £
Mrs C L Tobin
Interest free loan from Director	284	-

Control

The company is controlled by E G and Mrs J E Bevan who control 100% of the issued ordinary shares of the company.

Page 4