MAJOR DEVELOPMENTS LIMITED - Abbreviated accounts 16.1

MAJOR DEVELOPMENTS LIMITED - Abbreviated accounts 16.1

MAJOR DEVELOPMENTS LIMITED - Company Information

Print Friendly Version

00554942 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true true false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure005549422015-03-31005549422016-03-31005549422015-04-012016-03-31005549422014-03-31005549422014-04-012015-03-31005549422015-03-3100554942ns12:England2015-04-012016-03-3100554942ns14:PoundSterling2015-04-012016-03-3100554942ns7:Director12015-04-012016-03-3100554942ns7:OrdinaryShareClass12015-04-012016-03-3100554942ns7:Director22015-04-012016-03-3100554942ns7:RegisteredOffice2015-04-012016-03-3100554942ns7:EntityAccountantsOrAuditors2015-04-012016-03-3100554942ns5:InvestmentProperties2016-03-3100554942ns5:InvestmentProperties2015-03-3100554942ns5:InvestmentProperties2015-03-3100554942ns5:InvestmentProperties2015-04-012016-03-3100554942ns7:OrdinaryShareClass12016-03-3100554942ns7:OrdinaryShareClass12015-03-31
REGISTERED NUMBER: 00554942 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

MAJOR DEVELOPMENTS LIMITED

MAJOR DEVELOPMENTS LIMITED (Registered number: 00554942)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

MAJOR DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: D M S Leon
C J T Pickford





REGISTERED OFFICE: 1 & 2 The Barn
Oldwick
West Stoke Road
Chichester
West Sussex
PO18 9AA





REGISTERED NUMBER: 00554942 (England and Wales)





ACCOUNTANTS: James Todd & Co Limited
1 & 2 The Barn
Oldwick
West Stoke Road
Chichester
West Sussex
PO18 9AA
Page 1
MAJOR DEVELOPMENTS LIMITED (Registered number: 00554942)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Investment property 2 280,000 285,000

CURRENT ASSETS
Debtors 888 2,209
Cash at bank 2,765 14,740
3,653 16,949
CREDITORS
Amounts falling due within one year 63,002 62,155
NET CURRENT LIABILITIES (59,349 ) (45,206 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
220,651
239,794

CAPITAL AND RESERVES
Called up share capital 3 10,000 10,000
Revaluation reserve 56,070 61,070
Capital redemption reserve 2,388 2,388
Profit and loss account 152,193 166,336
SHAREHOLDERS' FUNDS 220,651 239,794

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 notes form part of these abbreviated accounts

Page 2 continued...
MAJOR DEVELOPMENTS LIMITED (Registered number: 00554942)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 21 December 2016 and were signed
on its behalf by:





D M S Leon - Director


The notes form part of these abbreviated accounts

Page 3
MAJOR DEVELOPMENTS LIMITED (Registered number: 00554942)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

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 amounts derived from the provision of goods and services falling within the
company's ordinary activities, after deduction of trade discounts, value added tax and any other
other taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in market value is transferred to a revaluation reserve.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation
computations in period different from those in which they are included in the company's accounts.
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or
less) tax at a future date, at the average tax rates that are expected to apply when the timing
differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where
there is no commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

2. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2015 285,000
Revaluations (5,000 )
At 31 March 2016 280,000
NET BOOK VALUE
At 31 March 2016 280,000
At 31 March 2015 285,000

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
10,000 Ordinary £1 10,000 10,000

Page 4 continued...
MAJOR DEVELOPMENTS LIMITED (Registered number: 00554942)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

4. ULTIMATE PARENT COMPANY

The company's immediate and ultimate holding company is Spinnaker Estates Limited, a company
incorporated in England.

Page 5