St George Homes Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06363494 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2016

FOR

ST GEORGE HOMES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Dr N Fouad

Mrs H Elnarshy - Fouad

REGISTERED OFFICE:

The Old Rectory

Rectory Lane

Winwick

Cheshire

WA2 8LE

REGISTERED NUMBER:

06363494 (England and Wales)

ACCOUNTANTS:

KAY JOHNSON GEE LLP

1 City Road East

Manchester

M15 4PN

FIXED ASSETS

Tangible assets

2

4,913,296

3,619,033

CURRENT ASSETS

Debtors

43,023

51,590

Cash at bank

97,703

27,941

140,726

79,531

CREDITORS

Amounts falling due within one year

933,842

172,724

NET CURRENT LIABILITIES

(793,116

)

(93,193

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,120,180

3,525,840

CREDITORS

Amounts falling due after more than one
year

3,070,000

2,300,000

NET ASSETS

1,050,180

1,225,840

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

1,050,176

1,225,836

SHAREHOLDERS' FUNDS

1,050,180

1,225,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30th November 2016 and were signed on its
behalf by:

Mrs H Elnarshy - Fouad - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities

(effective January 2015).

Turnover

Turnover represents the value of property income for the year, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Land and buildings - Nil

Associated fixtures - 15% reducing balance

The land and buildings owned by the company is regarded as investment property.

As permitted by the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective

January 2015) the company has elected not to adopt a policy of revaluation of tangible fixed assets. The

company will retain the book value of land and buildings, previously revalued at 9 July 2013, and will not

update that revaluation.

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1st April 2015

3,624,477

Additions

1,300,758

At 31st March 2016

4,925,235

DEPRECIATION

At 1st April 2015

5,444

Charge for year

6,495

At 31st March 2016

11,939

NET BOOK VALUE

At 31st March 2016

4,913,296

At 31st March 2015

3,619,033

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

400

Ordinary share capital

.01

4