Landmark Developments (Oakford Hse) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05246864 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 29 March 2016

for

LANDMARK DEVELOPMENTS (OAKFORD HOUSE)

LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTOR:

M P Favager

REGISTERED OFFICE:

Penthouse 1, Charters

43 Upper Oldfield Park

Bath

BA2 3LB

REGISTERED NUMBER:

05246864 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

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 three to five) 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 Landmark Developments (Oakford House) Limited for the year ended

29 March 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 Landmark Developments (Oakford House) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Landmark Developments (Oakford House) Limited and state those matters that we have agreed to state to the director of Landmark Developments (Oakford House) 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 Landmark Developments (Oakford House) Limited director for our work or for this report.

It is your duty to ensure that Landmark Developments (Oakford House) 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 Landmark Developments (Oakford House) Limited. You consider that Landmark Developments (Oakford House) 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 Landmark Developments (Oakford House) 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.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

23 December 2016

FIXED ASSETS

Tangible assets

2

174

232

CURRENT ASSETS

Stocks

4,241,553

4,329,452

Debtors

104,736

10,657

Cash at bank

164,374

14,960

4,510,663

4,355,069

CREDITORS

Amounts falling due within one year

4,100,891

4,352,667

NET CURRENT ASSETS

409,772

2,402

TOTAL ASSETS LESS CURRENT LIABILITIES

409,946

2,634

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

409,846

2,534

SHAREHOLDERS' FUNDS

409,946

2,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 23 December 2016 and were signed by:

M P Favager - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Turnover is recognised on legal transfer of property.

Tangible fixed assets

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

Plant and machinery etc

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 30 March 2015

and 29 March 2016

309

DEPRECIATION

At 30 March 2015

77

Charge for year

58

At 29 March 2016

135

NET BOOK VALUE

At 29 March 2016

174

At 29 March 2015

232

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 March 2016 and

29 March 2015:

2016

2015

£

£

M P Favager

Balance outstanding at start of year

(3,383,631

)

100

Amounts advanced

962,094

18,232

Amounts repaid

(530,065

)

(3,401,963

)

Balance outstanding at end of year

(2,951,602

)

(3,383,631

)