Crownwood Estates (Farnham) Limited - Abbreviated accounts 16.3
Crownwood Estates (Farnham) Limited - Abbreviated accounts 16.3
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 29 February 2016 |
for |
Crownwood Estates (Farnham) Limited |
Crownwood Estates (Farnham) Limited (Registered number: 06693964) |
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 (Farnham) Limited |
Company Information |
for the Year Ended 29 February 2016 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Crownwood Estates (Farnham) Limited (Registered number: 06693964) |
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 | 2 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 3 |
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 (Farnham) Limited (Registered number: 06693964) |
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). |
Turnover |
Turnover is the amount derived from ordinary activities and stated after trade discounts, other sales taxes and net |
of value added tax. |
The turnover was recognised at the date of completion. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Costs included all direct expenditure and an appropriate proportion of fixed and variable overheads in the |
development of 9-13 Beaver Road, Farnham, Surrey. |
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. |
Trade debtors |
Trade debtors are carried at original net invoice amount less an estimate for doubtful debtors. Bad debts are |
written off when identified. Specific provisions are made against debts whose recovery is considered doubtful. |
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. | CREDITORS |
Creditors include an amount of £ |
3. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 29.2.16 | 28.2.15 |
value: | £ | £ |
Share capital 1 | £1 |