Clerks Well Developments Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09247449 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 3 October 2014 to 31 December 2015

for

Clerks Well Developments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B N Gorst

J Buss

A Canty

REGISTERED OFFICE:

290 High Street

Aldeburgh

Suffolk

REGISTERED NUMBER:

09247449 (England and Wales)

ACCOUNTANTS:

K Shah & Co

Chartered Certified Accountants

Buckingham House East

Buckingham Parade

Stanmore

Middlesex

HA7 4EB

CURRENT ASSETS

Stocks

3,698,339

Debtors

1,035,464

Cash at bank

34,558

4,768,361

CREDITORS

Amounts falling due within one year

1,117,428

NET CURRENT ASSETS

3,650,933

TOTAL ASSETS LESS CURRENT LIABILITIES

3,650,933

CAPITAL AND RESERVES

Called up share capital

2

482

Profit and loss account

3,650,451

SHAREHOLDERS' FUNDS

3,650,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2015 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 18 July 2016 and were signed on its behalf by:

B N Gorst - 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 April 2008).

Turnover

Turnover represents sales of properties.

Stocks

Stocks of properties for sale are valued at the lower of cost and net realisable value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

480

A Ordinary Shares

1

480

2

B Ordinary Share

1

2

482