Ashgrove Homes Eastern Limited

ASHGROVE HOMES EASTERN LIMITED - Company Information

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Registered number: 9594045

Abbreviated accounts

For the Period 15 May 2015 to 31 December 2015

A C Tucker & Co Limited

Incorporated Financial Accountants

Manor Cottage

18a Waxwell Lane

Pinner

Middlesex

HA5 3EN

Ashgrove Homes Eastern Limited

Company No. 9594045

Abbreviated Balance Sheet 31 December 2015

Abbreviated Balance Sheet

		Period to 31 December 2015
	Notes	£	£
CURRENT ASSETS
Stocks		4,743,379

		4,743,379
Creditors: Amounts Falling Due Within One Year		(2,785,744)

NET CURRENT ASSETS (LIABILITIES)			1,957,635

TOTAL ASSETS LESS CURRENT LIABILITIES			1,957,635

Creditors: Amounts Falling Due After More Than One Year	2		(2,094,312)

NET ASSETS			(136,677)

CAPITAL AND RESERVES
Called up share capital	3		2
Profit and Loss Account			(136,679)

SHAREHOLDERS' FUNDS			(136,677)

For the period ending 31 December 2015 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 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Richard Godkin

2 August 2016

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Ashgrove Homes Eastern Limited

Notes to the Abbreviated Accounts

For the Period 15 May 2015 to 31 December 2015

Notes to the Abbreviated Accounts

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Stocks and Work in Progress

Stocks of land and work in progress are valued at the lower of cost and net realisable value. Work in progress comprises direct site costs including materials, labour and site management.

Creditors: Amounts Falling Due After More Than One Year

	Period to 31 December 2015
	£
Bank loans	2,094,312

Secured Creditors

Close Brothers Limited hold a fixed charge and floating charge over the property or undertaking of the company in the form of a debenture and also fixed charges over specific development sites funded by the bank. Of the creditors falling due within and after more than one year the following amounts are secured.

	Period to 31 December 2015
	£
Bank loans and overdrafts	2,094,312

Share Capital

	Value	Number	Period to 31 December 2015
Allotted, called up and fully paid	£		£
Ordinary shares	1.000	2	2

Ultimate Controlling Party

The company's immediate and ultimate parent undertaking is Ashgrove Homes Limited, a company incorporated in England and Wales that owns 100% of the share capital. The ultimate controlling party is Mr Jamshid Keynejad and the Keynejad 2009 Family Trust who control 100% of the shares of Ashgrove Homes Limited.

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