Carrington Fox Developments Limited - Abbreviated accounts

Registered number

05948829

Carrington Fox Developments Limited

Abbreviated Accounts

31 March 2016

Carrington Fox Developments Limited
Registered number:		05948829
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Current assets
Stocks		8,049,128			11,806,706
Debtors		25,869			130,693
Cash at bank and in hand		148,708			119,298
		8,223,705			12,056,697

Creditors: amounts falling due within one year		(5,011,042)			(8,549,971)

Net current assets			3,212,663			3,506,726

Total assets less current liabilities			3,212,663			3,506,726

Creditors: amounts falling due after more than one year			(3,274,742)			(3,501,337)



Net (liabilities)/assets			(62,079)			5,389

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			(62,179)			5,289

Shareholder's funds			(62,079)			5,389

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies and in accordance with the Financial Reporting Standard for Smaller Entities.



S A Peel
Director
Approved by the board on 31 December 2016

Carrington Fox Developments Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers. Turnover is recognised upon the completion of a property sale. Development turnover is recognised when invoices are raised for work performed.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value. Work in progress represents the costs incurred on the development projects not sold at the year end date.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					12,303
	At 31 March 2016					12,303

	Depreciation
	At 1 April 2015					12,303
	At 31 March 2016					12,303

	Net book value
	At 31 March 2016					-


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100