Whitebarn Developments Limited - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 06220186 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2016

for

Whitebarn Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

P Shadbolt

M Shadbolt

Mrs J N Shadbolt

C Batchelor

Mrs A Batchelor

SECRETARY:

P Shadbolt

REGISTERED OFFICE:

6 Tilehouse Street

Hitchin

Hertfordshire

SG5 2DW

REGISTERED NUMBER:

06220186 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

FIXED ASSETS

Investments

3

1,000

-

CURRENT ASSETS

Stocks

842,053

1,523,036

Debtors: amounts falling due within one year

4

2,746

8,353

Cash at bank and in hand

65,224

1,211

910,023

1,532,600

CREDITORS

Amounts falling due within one year

5

759,312

1,390,179

NET CURRENT ASSETS

150,711

142,421

TOTAL ASSETS LESS CURRENT LIABILITIES

151,711

142,421

CAPITAL AND RESERVES

Called up share capital

6

1,100

100

Retained earnings

7

150,611

142,321

SHAREHOLDERS' FUNDS

151,711

142,421

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14 November 2016 and were signed on its behalf by:

P Shadbolt - Director

C Batchelor - Director

1.	STATUTORY INFORMATION

Whitebarn Developments Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

balance sheet date.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

1,000

At 30 April 2016

1,000

NET BOOK VALUE

At 30 April 2016

1,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other debtors

2,746

8,353

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

-

561,112

Trade creditors

1

127,950

Taxation and social security

1,693

-

Other creditors

757,618

701,117

759,312

1,390,179

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1,100

Ordinary

£1

1,100

100

7.

RESERVES

Retained

earnings

£

At 1 May 2015

142,321

Profit for the year

8,290

At 30 April 2016

150,611

8.	RELATED PARTY DISCLOSURES

At the year end the company owed £347,809 (2015: £332,809) to Tilehouse Properties Limited, a company in

which Mr P K, Mrs J N & Mr M A Shadbolt are directors and hold an interest in the company. There are no

repayment terms attached to this loan.

Interest charged on the loan totalled £10,000 (2015: £12,000).

During the year the company was charged £2,496 (2015: £2,080) from Tilehouse Properties Limited.

The amount due to them at the year end was £Nil (2015: £576).

At the year end the company owed £347,809 (2015: £332,809) to Modplan Building & Refurbishment

Contractors Limited, a company in which Mr C A Batchelor and Mrs A S Batchelor are directors. There are no

repayment terms attached to this loan.

Interest charged on the loan totalled £10,000 (2015: £12,000).

During the year the company was charged £38,444 (£654,119) by Modplan Building & Refurbishment

Contractors Limited.

The amount due to them at the year end was £Nil (2015: £119,524).

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Whitebarn Developments Limited for the year ended 30 April 2016 which comprise the Income

statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Whitebarn Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Whitebarn Developments Limited and state those matters that we have agreed to state to the Board of Directors of Whitebarn Developments Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Whitebarn Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Whitebarn Developments Limited. You consider that Whitebarn Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Whitebarn Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

14 November 2016