Abbreviated Company Accounts - LAND4HOMES LTD

08050279 LAND4HOMES LTD 2015-07-31 false 2014-08-01 2015-07-31 true 08050279 2014-08-01 2015-07-31 08050279 2015-07-31 08050279 2014-07-31 08050279 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 08050279 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-07-31 iso4217:GBP shares

Registered Number 08050279

LAND4HOMES LTD

Abbreviated Accounts

31 July 2015

LAND4HOMES LTD Registered Number 08050279

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	663,026	663,026
Tangible assets	3	4,964	6,243
		667,990	669,269
Current assets
Debtors		49,054	83,170
Cash at bank and in hand		96,588	236,466
		145,642	319,636
Creditors: amounts falling due within one year		(731,814)	(866,371)
Net current assets (liabilities)		(586,172)	(546,735)
Total assets less current liabilities		81,818	122,534
Total net assets (liabilities)		81,818	122,534
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		81,718	122,434
Shareholders' funds		81,818	122,534

For the year ending 31 July 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 22 March 2016

And signed on their behalf by:
MR J G D SHARP, Director

LAND4HOMES LTD Registered Number 08050279

Notes to the Abbreviated Accounts for the period ended 31 July 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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery - 20% reducing balance
Computer equipment - 33.3% straight line

Intangible assets amortisation policy
Acquired goodwill is written off over its estimated useful economic life.

Other accounting policies
Compliance with accounting standards:
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

2Intangible fixed assets

	£
Cost
At 1 August 2014	1,000,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	1,000,000
Amortisation
At 1 August 2014	336,974
Charge for the year	-
On disposals	-
At 31 July 2015	336,974
Net book values
At 31 July 2015	663,026
At 31 July 2014	663,026

3Tangible fixed assets

	£
Cost
At 1 August 2014	12,578
Additions	1,508
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	14,086
Depreciation
At 1 August 2014	6,335
Charge for the year	2,787
On disposals	-
At 31 July 2015	9,122
Net book values
At 31 July 2015	4,964
At 31 July 2014	6,243

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
50 A Ordinary shares of £1 each	50	50
50 B Ordinary shares of £1 each	50	50