Green Space Homes Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08444651 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2016

FOR

GREEN SPACE HOMES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M B Naldrett

T P Voice

Mrs L S Voice

REGISTERED OFFICE:

18 Church Street

Shoreham-By-Sea

West Sussex

BN43 5DQ

REGISTERED NUMBER:

08444651 (England and Wales)

ACCOUNTANTS:

Parkers

Cornelius House

178-180 Church Road

Hove

East Sussex

BN3 2DJ

FIXED ASSETS

Tangible assets

2

6,840

1,237

CURRENT ASSETS

Stocks

70,885

135,775

Debtors

7,967

2,875

Cash at bank

13,887

970

92,739

139,620

CREDITORS

Amounts falling due within one year

86,531

151,464

NET CURRENT ASSETS/(LIABILITIES)

6,208

(11,844

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,048

(10,607

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

12,948

(10,707

)

SHAREHOLDERS' FUNDS

13,048

(10,607

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19th July 2016 and were signed on its behalf by:

T P Voice - Director

M B Naldrett - Director

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 gross proceeds of properties sold during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Stocks

Property developments in progress and work in progress are valued at the lower of cost and net

realisable value and consist of original cost, development costs and related 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 1st April 2015

1,650

Additions

6,200

At 31st March 2016

7,850

DEPRECIATION

At 1st April 2015

413

Charge for year

597

At 31st March 2016

1,010

NET BOOK VALUE

At 31st March 2016

6,840

At 31st March 2015

1,237

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100