Cedar (GB) Property Developments Ltd - Abbreviated accounts 16.1

Cedar (GB) Property Developments Ltd - Abbreviated accounts 16.1

CEDAR (G.B.) PROPERTY DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 03944125 (England and Wales)
























CEDAR (GB) PROPERTY DEVELOPMENTS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016






CEDAR (GB) PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 03944125)

CONTENTS OF THE ABBREVIATED ACCOUNTS
For The Year Ended 31 March 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

CEDAR (GB) PROPERTY DEVELOPMENTS LTD

COMPANY INFORMATION
For The Year Ended 31 March 2016







DIRECTORS: W J Bowen
M Gittins





SECRETARY: W J Bowen





REGISTERED OFFICE: 42 High Street
Flitwick
Bedfordshire
MK45 1DU





REGISTERED NUMBER: 03944125 (England and Wales)





ACCOUNTANTS: Haines Watts Luton Limited
42 High Street
Flitwick
Bedfordshire
MK45 1DU
Page 1
CEDAR (GB) PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 03944125)

ABBREVIATED BALANCE SHEET
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 38,206 4,639

CURRENT ASSETS
Stocks 902,115 624,450
Debtors 25,232 37,063
Cash at bank and in hand 179,280 20,977
1,106,627 682,490
CREDITORS
Amounts falling due within one year 3 516,884 548,496
NET CURRENT ASSETS 589,743 133,994
TOTAL ASSETS LESS CURRENT
LIABILITIES
627,949
138,633

PROVISIONS FOR LIABILITIES 7,641 928
NET ASSETS 620,308 137,705

CAPITAL AND RESERVES
Called up share capital 4 4 4
Profit and loss account 620,304 137,701
SHAREHOLDERS' FUNDS 620,308 137,705

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 25 September 2016 and were signed on its behalf
by:



M Gittins - Director



W J Bowen - Director


The notes form part of these abbreviated accounts

Page 2
CEDAR (GB) PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 03944125)

NOTES TO THE ABBREVIATED ACCOUNTS
For The Year Ended 31 March 2016


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
The turnover shown in the profit and loss account represents sales exclusive of value added tax. Sales of
properties are recognised and profits are taken when contracts have been completed.

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

Plant and machinery - 25% on reducing balance
Fixtures & equipment - 25% on cost
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 20,831
Additions 37,856
Disposals (17,869 )
At 31 March 2016 40,818
DEPRECIATION
At 1 April 2015 16,192
Charge for year 1,175
Eliminated on disposal (14,755 )
At 31 March 2016 2,612
NET BOOK VALUE
At 31 March 2016 38,206
At 31 March 2015 4,639

3. CREDITORS

Creditors include an amount of £ 178,912 (2015 - £ 271,524 ) for which security has been given.

Page 3 continued...
CEDAR (GB) PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 03944125)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
For The Year Ended 31 March 2016


4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
4 Ordinary £1 4 4

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors provide support through loans. As at the year end £153,353 was due to the directors (2015
£208,353).

Page 4