Crownwood Estates (East Grinstead) Ltd - Abbreviated accounts 16.3
Crownwood Estates (East Grinstead) Ltd - Abbreviated accounts 16.3
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 29 February 2016 |
for |
Crownwood Estates (East Grinstead) |
Limited |
Crownwood Estates (East Grinstead) |
Limited (Registered number: 06694009) |
Contents of the Abbreviated Accounts |
for the Year Ended 29 February 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Crownwood Estates (East Grinstead) |
Limited |
Company Information |
for the Year Ended 29 February 2016 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Crownwood Estates (East Grinstead) |
Limited (Registered number: 06694009) |
Abbreviated Balance Sheet |
29 February 2016 |
29.2.16 | 28.2.15 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 2 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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 were approved by the director on |
Crownwood Estates (East Grinstead) |
Limited (Registered number: 06694009) |
Notes to the Abbreviated Accounts |
for the Year Ended 29 February 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). |
Going concern |
At 29 February 2016, the balance sheet showed net current liabilities and a deficit of £33,878 (2015: £32,715). |
Crownwood Estates Limited has given an undertaking to financially support the company for a period of at least |
12 months from the date of signature of these accounts. On this basis, the director considers it appropriate to |
prepare the financial statements on the going concern basis. |
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 in the |
development of Dunning Mills Sports Club, Dunnings Road, East Grinstead, East Sussex. |
Deferred tax |
Deferred tax is accounted for on an undiscounted basis at expected tax rates on all differences arising from the |
inclusion of items of income and expenditure in taxation computations in periods different from those in which |
they are included in the financial statements. A deferred tax asset is only recognised when it is more likely than |
not that the asset will be recoverable in the foreseeable future out of suitable taxable profits from which the |
underlying timing differences can be deducted. |
Provisions and accruals |
Provisions are recognised when there is a present legal or constructive obligation as a result of past events and |
the amount can be reliably estimated. Provisions are not recognised for future operating losses. |
2. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 29.2.16 | 28.2.15 |
value: | £ | £ |
Share capital 1 | £1 |
3. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |