Omagh Developments Limited - Abbreviated accounts

Registered number

NI055487

Omagh Developments Limited

Abbreviated Accounts

31 December 2015

Omagh Developments Limited
Registered number:		NI055487
Abbreviated Balance Sheet
as at 31 December 2015

Notes			2015			2014
£				£
Current assets
Stocks		678,000			1,468,811

Creditors: amounts falling due within one year		(7,534,357)			(7,665,330)

Net current liabilities			(6,856,357)			(6,196,519)

Net liabilities			(6,856,357)			(6,196,519)

Capital and reserves
Called up share capital	2		900			900
Profit and loss account			(6,857,257)			(6,197,419)

Shareholder's funds			(6,856,357)			(6,196,519)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

The Company entered into a Company Voluntary Arrangement (CVA) on 3rd March 2016 which has been accepted by creditors



Brendan Green
Director
Approved by the board on 27 September 2016

Omagh Developments Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2015

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			15% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Going Concern Basis
	These accounts have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to financially support the company during this uncertain period, following the Company Voluntary Arrangement (CVA) which was entered into on 3rd March 2016


2	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		900		900