Highworth Homes Ltd - Abbreviated accounts 16.1
Highworth Homes Ltd - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 28 February 2016 |
| for |
| Highworth Homes Ltd |
| Highworth Homes Ltd (Registered number: 07964850) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 28 February 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Highworth Homes Ltd |
| Company Information |
| for the Year Ended 28 February 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants, |
| Highworth Homes Ltd (Registered number: 07964850) |
| Abbreviated Balance Sheet |
| 28 February 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Highworth Homes Ltd (Registered number: 07964850) |
| Abbreviated Balance Sheet - continued |
| 28 February 2016 |
| The financial statements were approved by the Board of Directors on |
| Highworth Homes Ltd (Registered number: 07964850) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 28 February 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2015 |
| Additions |
| At 28 February 2016 |
| DEPRECIATION |
| At 1 March 2015 |
| Charge for year |
| At 28 February 2016 |
| NET BOOK VALUE |
| At 28 February 2016 |
| At 28 February 2015 |
| Highworth Homes Ltd (Registered number: 07964850) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 28 February 2016 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| A Ordinary | £1 |
| B Ordinary | £1 |
| C Ordinary | £1 |
| D Ordinary | £1 |
| 300 | 100 |
| Allotted and issued: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| C Ordinary | £1 |
| D Ordinary | £1 |
| 149 | - |
| The following shares were issued during the year for cash at par : |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| As at 28th February 2016, the company owed the director, S Slattery the sum of £1,157,511 (2015: £997,188) |
| These amounts are loaned interest free. £200,000 is repayable after more than one year after the balance sheet |
| date and £957,511 is repayable on demand. |
| As at 28th February 2016, the company owed the director, D Slattery the sum of £36,506 (2015: £315,071) |
| These amounts are loaned interest free and are repayable on demand. |