Abbreviated Company Accounts - LITTLE HAVEN BEACH LIMITED

Abbreviated Company Accounts - LITTLE HAVEN BEACH LIMITED

LITTLE HAVEN BEACH LIMITED - Company Information

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Registered Number 03333471

LITTLE HAVEN BEACH LIMITED

Abbreviated Accounts

31 May 2014

LITTLE HAVEN BEACH LIMITED Registered Number 03333471

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 713,965 701,689
Investments 3 100 100
714,065 701,789
Current assets
Stocks 16,460 15,561
Debtors 1,317,420 1,293,597
Cash at bank and in hand 15,198 121,745
1,349,078 1,430,903
Creditors: amounts falling due within one year (721,518) (656,601)
Net current assets (liabilities) 627,560 774,302
Total assets less current liabilities 1,341,625 1,476,091
Creditors: amounts falling due after more than one year (2,456,111) (2,580,034)
Total net assets (liabilities) (1,114,486) (1,103,943)
Capital and reserves
Called up share capital 62 62
Share premium account 235,000 235,000
Profit and loss account (1,349,548) (1,339,005)
Shareholders' funds (1,114,486) (1,103,943)
  • For the year ending 31 May 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 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 9 September 2014

And signed on their behalf by:
Mrs H Hollingsworth, Director

LITTLE HAVEN BEACH LIMITED Registered Number 03333471

Notes to the Abbreviated Accounts for the period ended 31 May 2014

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 invoiced value of goods and services supplied by the company, net of value added tax.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Motor vehicles - 25% Reducing Balance
Freehold Property - 50 Years
Equipment - 25% Reducing Balance
Freehold Land - Nil

2Tangible fixed assets
£
Cost
At 1 June 2013 3,944,868
Additions 47,310
Disposals -
Revaluations -
Transfers -
At 31 May 2014 3,992,178
Depreciation
At 1 June 2013 3,243,179
Charge for the year 35,034
On disposals -
At 31 May 2014 3,278,213
Net book values
At 31 May 2014 713,965
At 31 May 2013 701,689

3Fixed assets Investments
Investments consist of investments in Simonside Projects Limited.