School Land Developments Limited - Abbreviated accounts 16.3

School Land Developments Limited - Abbreviated accounts 16.3

SCHOOL LAND DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 09691772 (England and Wales)
















SCHOOL LAND DEVELOPMENTS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

17 JULY 2015 TO 31 JULY 2016













SCHOOL LAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09691772)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 17 JULY 2015 TO 31 JULY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

Chartered Accountants' Report 5

SCHOOL LAND DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 17 JULY 2015 TO 31 JULY 2016







DIRECTOR: R H Brown





REGISTERED OFFICE: 9 Sudbrooke Lane
Nettleham
Lincoln
Lincolnshire
LN2 2RL





REGISTERED NUMBER: 09691772 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR
Page 1
SCHOOL LAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09691772)

ABBREVIATED BALANCE SHEET
31 JULY 2016

Notes £    £   
FIXED ASSETS
Tangible assets 2 12,283

CURRENT ASSETS
Stocks 884,157
Debtors 9,933
Cash at bank 403,889
1,297,979
CREDITORS
Amounts falling due within one year 1,178,140
NET CURRENT ASSETS 119,839
TOTAL ASSETS LESS CURRENT LIABILITIES 132,122

PROVISIONS FOR LIABILITIES 99
NET ASSETS 132,023

CAPITAL AND RESERVES
Called up share capital 3 1
Profit and loss account 132,022
SHAREHOLDERS' FUNDS 132,023

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 18 November 2016 and were signed by:



R H Brown - Director


The notes form part of these abbreviated accounts

Page 2
SCHOOL LAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09691772)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 17 JULY 2015 TO 31 JULY 2016

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 January 2015).

Turnover
Turnover represents amounts charged to customers for goods and services provided during the year, excluding
value added tax.

Revenue is recognised on the sale of land and houses when the risks and rewards of the underlying sale have
been substantially transferred to the customer, which is upon the exchange of contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant, machinery and tools - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 16,229
At 31 July 2016 16,229
DEPRECIATION
Charge for period 3,946
At 31 July 2016 3,946
NET BOOK VALUE
At 31 July 2016 12,283

Page 3 continued...
SCHOOL LAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09691772)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 17 JULY 2015 TO 31 JULY 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SCHOOL LAND DEVELOPMENTS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)
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 School Land Developments Limited for the period ended 31 July 2016 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of School Land Developments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of School Land Developments Limited and state those matters that we have agreed to state to the director of School Land Developments Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than School Land Developments Limited director for our work or for this report.

It is your duty to ensure that School Land Developments 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 School Land Developments Limited. You consider that School Land Developments Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of School Land Developments 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.






Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR


18 November 2016

This page does not form part of the abbreviated accounts

Page 5