Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
trueWillow Homes (East Anglia) Limited096436882016-03-31769257702510077025770251564420426421990122731273673255867546175461Basis of accounting
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).
Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the
exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.
Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from
the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or
its reversal, on an individual investment property is expected to be permanent, in which case it
is recognised in the profit and loss account for the year.
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime
importance. The departure from the provisions of the Act is required in order to give a true and fair view.Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Trade and other debtors are recognised and carried forward at invoiced amounts less provision for any doubtful debts. Bad debts are written off when identified.
Cash and cash equivalents are included in the balance sheet at cost. Cash and cash equivalents comprise cash at bank and in hand and short term deposits with an original maturity of three months or less.
Trade and other creditors are recognised and carried forward at invoiced amounts.
75461754617546175461Ordinary10011000Ordinary11001002016-12-16Mr B A KeaneMr A J ParrDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureWillow Homes (East Anglia) Limited2015-06-172016-03-31Willow Homes (East Anglia) Limited2014-04-012015-06-16Willow Homes (East Anglia) Limited2014-03-31Willow Homes (East Anglia) Limited2015-06-16Willow Homes (East Anglia) Limited2015-06-16Willow Homes (East Anglia) Limited2016-03-31 2016-12-23
