DEPDEN_DEVELOPMENTS_LIMIT - Accounts

DEPDEN DEVELOPMENTS LIMITED - Company Information

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Company Registration No. 08647312 (England and Wales)

DEPDEN DEVELOPMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

DEPDEN DEVELOPMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DEPDEN DEVELOPMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

418,163

Current assets

Stocks

1,210

2,391

Debtors

7,506

10,806

Cash at bank and in hand

49,969

45,352

58,685

58,549

Creditors: amounts falling due within one year

(70,127)

(84,352)

Net current liabilities

(11,442)

(25,803)

Total assets less current liabilities

406,721

392,360

Creditors: amounts falling due after more than one year

(90,000)

(126,000)

316,721

266,360

Capital and reserves

Called up share capital

250,001

Profit and loss account

66,720

16,359

Shareholders' funds

316,721

266,360

For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 4 May 2016

Mr M C G Robinson

Director

Company Registration No. 08647312

DEPDEN DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Although the company has a current asset deficiency it meets its day to day working capital requirements as they fall due. The director considers that rental income will be in excess of costs and on this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

1.2

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).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts and is recognised on despatch of goods. Rental income from operating leases is recognised on a straight line basis over the term of the lease.

1.4

Tangible fixed assets and depreciation

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost

At 1 September 2014 & at 31 August 2015

418,163

At 31 August 2014

418,163

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £36,000 (2014 - £36,000).

DEPDEN DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2015

- 3 -

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £90,000 (2014 - £126,000).

Share capital

2015

2014

Allotted, called up and fully paid

1 ordinary share of £1 each

250,000 A shares of £1 each

250,000

250,001

The A shares carry no voting rights and are redeemable at the option of the company.