BISHOPSTONE_HOMES_(PENCLA - Accounts

BISHOPSTONE HOMES (PENCLAWDD) LTD - Company Information

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Company Registration No. 05685418 (England and Wales)

BISHOPSTONE HOMES (PENCLAWDD) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

BISHOPSTONE HOMES (PENCLAWDD) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

BISHOPSTONE HOMES (PENCLAWDD) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Current assets

Stocks

1,121,677

1,115,912

Debtors

5,465

12,788

Cash at bank and in hand

32,882

1,020

1,160,024

1,129,720

Creditors: amounts falling due within one year

(76,931)

(56,546)

Total assets less current liabilities

1,083,093

1,073,174

Creditors: amounts falling due after more than one year

(1,312,194)

(1,273,126)

(229,101)

(199,952)

Capital and reserves

Called up share capital

400

Profit and loss account

(229,501)

(200,352)

Shareholders' funds

(229,101)

(199,952)

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 November 2016

D David

Director

Company Registration No. 05685418

BISHOPSTONE HOMES (PENCLAWDD) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Stock and work in progress

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

1.4

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.5

Going Concern

The company relies on the support of S Arber, director and shareholder; and assurance has been given that this will be in place for more than one year. The company is not aware of any circumstances which will result in the support being withdrawn.

Debtors

Debtors include an amount of £0 (2015 - £8,432) which is due after more than one year.

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £1,100,000 (2015 - £1,100,000).

The other creditors relate to a loan, which is secured via a legal charge over the land held by the company.

Share capital

2016

2015

Allotted, called up

400 Ordinary shares of £1 each

400