HESLAM_HOMES_LIMITED - Accounts

HESLAM HOMES LIMITED - Company Information

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Company Registration No. 01601197 (England and Wales)

HESLAM HOMES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

HESLAM HOMES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

HESLAM HOMES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

70,741

Current assets

Debtors

37,083

43,262

Cash at bank and in hand

438,619

10,222

475,702

53,484

Creditors: amounts falling due within one year

(108,277)

(101,044)

Net current assets/(liabilities)

367,425

(47,560)

Total assets less current liabilities

367,425

23,181

Provisions for liabilities

(2,205)

367,425

20,976

Capital and reserves

Called up share capital

1,000

Profit and loss account

366,425

19,976

Shareholders' funds

367,425

20,976

For the financial year ended 30 June 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 12 December 2016

P R Lamb

Director

Company Registration No. 01601197

HESLAM HOMES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 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

Turnover

Turnover previously represented amounts received in respect of the provision of residential home services.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

2% straight line

Computer equipment

33% straight line

Fixtures, fittings & equipment

10% straight line

Fixed assets

Tangible assets

Cost

At 1 July 2015

316,469

Disposals

(316,469)

At 30 June 2016

Depreciation

At 1 July 2015

245,728

On disposals

(245,728)

At 30 June 2016

Net book value

At 30 June 2016

At 30 June 2015

70,741

HESLAM HOMES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

334 A Ordinary shares of £1 each

334

1,000

333 B Ordinary shares of £1 each

333

333 C Ordinary shares of £1 each

333

1,000

HESLAM HOMES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 4 -

Related party relationships and transactions

Loans from directors

Transactions in relation to loans from directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

C Lamb -

32,321

20,000

12,620

39,701

32,321

20,000

12,620

39,701