TILEMANS_PARK_LTD - Accounts

TILEMANS PARK LIMITED - Company Information

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Company Registration No. 03758900 (England and Wales)

TILEMANS PARK LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

TILEMANS PARK LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

TILEMANS PARK LTD

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

764,526

744,583

Current assets

Debtors

34,768

31,021

Cash at bank and in hand

70,264

4,409

105,032

35,430

Creditors: amounts falling due within one year

(89,469)

(93,224)

Net current assets/(liabilities)

15,563

(57,794)

Total assets less current liabilities

780,089

686,789

Creditors: amounts falling due after more than one year

(588,928)

(581,680)

Provisions for liabilities

(5,583)

(6,697)

185,578

98,412

Capital and reserves

Called up share capital

10,000

Profit and loss account

175,578

88,412

Shareholders' funds

185,578

98,412

TILEMANS PARK LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2016

- 2 -

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and authorised for issue on 13 July 2016

Mr Neil Davis

Mrs Lesley Butler

Director

Company Registration No. 03758900

TILEMANS PARK LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

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 January 2015).

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.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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:

Land and buildings Freehold

50 years

Plant and machinery

25% Reducing Balance

Fixtures, fittings & equipment

25% Straight line

Motor vehicles

25% Straight Line

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.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

TILEMANS PARK LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 May 2015

909,284

Additions

563

Disposals

(53,709)

At 30 April 2016

856,138

Depreciation

At 1 May 2015

115,852

On disposals

(33,419)

Charge for the year

9,179

At 30 April 2016

91,612

Net book value

At 30 April 2016

764,526

At 30 April 2015

744,583

Creditors: amounts falling due after more than one year

2016

2015

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

367,338

406,708

Share capital

2016

2015

Allotted, called up and fully paid

10,000 Ordinary of £1 each

10,000

Related party relationships and transactions

TILEMANS PARK LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

Related party relationships and transactions

(Continued)

- 5 -

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Lesley Butler

19,250

Sally Fisher-Davis

19,250

38,500