Accounts filed on 31-03-2016


ABBREVIATED ACCOUNTS


FOR THE 487 DAY PERIOD ENDED 31/03/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 3672268


Registered Number: 3672268

BALANCE SHEET AT 31/03/2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Tangible assets	2		78,495		88,768

CURRENT ASSETS
Stock		7,788,218		5,625,294
Debtors (amounts falling due within one year)	3	29,050		8,068
Cash at bank and in hand		610,766		37,896
		8,428,034		5,671,258
CREDITORS: Amounts falling due within one year		166,909		72,056
NET CURRENT ASSETS			8,261,125		5,599,202
TOTAL ASSETS LESS CURRENT LIABILITIES			8,339,620		5,687,970


CREDITORS: Amounts falling due after more than one year	4		7,664,151		5,640,752

NET ASSETS			675,469		47,218

CAPITAL AND RESERVES

Called up share capital	5		100		100
Profit and loss account			675,369		47,118
SHAREHOLDERS' FUNDS			675,469		47,218

For the year ending 31/03/2016 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 26/04/2016 and signed on their behalf by




D T Montgomery
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 25%
Computer Equipment		reducing balance 25%
Motor Vehicles		reducing balance 20%




1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




3. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
VAT	29,050	8,068
	29,050	8,068




4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2016	2015
	£	£
Bank loans and overdrafts	7,655,207	5,623,404
Other creditors	8,944	17,348
	7,664,151	5,640,752




5. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
100ordinary sharesof £1	100	100
	100	100




6. TURNOVER

The turnover and pre-tax result is attributable to property development.

	2016	2015
	£	£
Sales	1,139,196	304,034
	1,139,196	304,034