Yarmouth Homes Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08075971 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2014

for

Yarmouth Homes Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

K P Martin

S Howe

R Parr

REGISTERED OFFICE:

26 Hadham Road

Bishops Stortford

Hertfordshire

CM23 2QS

REGISTERED NUMBER:

08075971 (England and Wales)

ACCOUNTANTS:

Lanham and Company Limited

Chartered Accountants

9 Great Chesterford Court

London Road

Great Chesterford

Essex

CB10 1PF

CURRENT ASSETS

Stocks

884,000

-

Debtors

280,000

3,575

Cash at bank and in hand

654,419

507,630

1,818,419

511,205

CREDITORS

Amounts falling due within one year

1,614,610

440,772

NET CURRENT ASSETS

203,809

70,433

TOTAL ASSETS LESS CURRENT LIABILITIES

203,809

70,433

CAPITAL AND RESERVES

Called up share capital

2

99

99

Profit and loss account

203,710

70,334

SHAREHOLDERS' FUNDS

203,809

70,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 30 September 2014 and were signed on its behalf by:

S Howe - Director

K P Martin - Director

R Parr - Director

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 April 2008).

Turnover

Turnover represents revenue recognised from the supply and construction of property. Revenue is recognised

when the company obtains the right to consideration.

Stocks

Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and

finance costs attributable to the development whilst it is under construction.

Deferred tax

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

balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that

it is more likely than not they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

99

Ordinary

£1

99

99

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Yarmouth Homes Limited for the year ended 31 May 2014 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Yarmouth Homes Limited, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Yarmouth Homes Limited and state those matters that we have agreed to state to the Board of Directors of Yarmouth

Homes Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the

fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its

Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Yarmouth Homes Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Yarmouth

Homes Limited. You consider that Yarmouth Homes Limited is exempt from the statutory audit requirement for the

year.

We have not been instructed to carry out an audit or a review of the financial statements of Yarmouth Homes Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lanham and Company Limited

Chartered Accountants

9 Great Chesterford Court

London Road

Great Chesterford

Essex

CB10 1PF

16 October 2014