Company Registration No. 08275460 (England and Wales)
FAIRVIEW (CAMBRIDGE) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
FAIRVIEW (CAMBRIDGE) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
FAIRVIEW (CAMBRIDGE) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
523,582
519,810
Current assets
Stocks
138,797
-
Debtors
3,714
100
Cash at bank and in hand
4,975
632
147,486
732
Creditors: amounts falling due within one year
(391,111)
(231,449)
Net current liabilities
(243,625)
(230,717)
Total assets less current liabilities
279,957
289,093
Creditors: amounts falling due after more than one year
3
(275,920)
(286,916)
4,037
2,177
Capital and reserves
Called up share capital
4
100
100
Profit and loss account
3,937
2,077
Shareholder's funds
4,037
2,177
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 December 2016
F Sines
Director
Company Registration No. 08275460
FAIRVIEW (CAMBRIDGE) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable from pitch fees, sales of mobile homes, commissions and utilities recharged net of VAT. Sales of houses taken on part exchange are also recognised in turnover on completion.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Mobile home park land
Nil
Plant and machinery
25% on Straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
519,810
Additions
5,029
At 31 March 2016
524,839
Depreciation
At 1 April 2015
-
Charge for the year
1,257
At 31 March 2016
1,257
Net book value
At 31 March 2016
523,582
At 31 March 2015
519,810
FAIRVIEW (CAMBRIDGE) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Creditors: amounts falling due after more than one year
2016
2015
£
£
Analysis of loans repayable in more than five years
Total amounts repayable by instalments which are due in more than five years
217,732
241,209
The aggregate amount of creditors for which security has been given amounted to £286,744 (2015 - £297,361).
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
FAIRVIEW (CAMBRIDGE) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
5
Related party relationships and transactions
The company is ultimately controlled by F Sines. Included in creditors is an amount of £ 229,764 (2015: £217,846 ) owed to the director at the balance sheet date. Included within other creditors is an amount of £85,140 (2015: £Nil) due to Hampshire Mobile Park Home Enterprises Limited as at the balance sheet date.
Included in creditors is an amount of £229,764 (2015: £217,846) owed to the director at the balance sheet date.
Included within other creditors is an amount of £85,140 (2015: £Nil) due to Hampshire Mobile Park Home Enterprises Limited as at the balance sheet date.
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