Abbreviated Company Accounts - HEVIKA HOMES LTD.

Registered Number 05540227

HEVIKA HOMES LTD.

Abbreviated Accounts

31 December 2013

HEVIKA HOMES LTD. Registered Number 05540227

Abbreviated Balance Sheet as at 31 December 2013

	2013	2012
	£	£
Current assets
Stocks	2,100,000	7,809,781
Debtors	1,027,100	115,605
Cash at bank and in hand	43,390	31,156
	3,170,490	7,956,542
Creditors: amounts falling due within one year	(3,771,432)	(8,083,044)
Net current assets (liabilities)	(600,942)	(126,502)
Total assets less current liabilities	(600,942)	(126,502)
Total net assets (liabilities)	(600,942)	(126,502)
Capital and reserves
Called up share capital	100	100
Profit and loss account	(601,042)	(126,602)
Shareholders' funds	(600,942)	(126,502)

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 September 2014

And signed on their behalf by:
Vijen Shah, Director

HEVIKA HOMES LTD. Registered Number 05540227

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods and services excluding value added tax.

Valuation information and policy
Stock is valued at lower of cost and net realiseable value and include attributable loan interest. The stock represents flats being built/unsold at the balance sheet date.

Other accounting policies
The company capitalises finance and interests costs which are directly attributable to the construction of a qualifying asset as part of the cost of the asset. These costs are capitalised on the commencement of the development works until date of practical completion.