Kingfisher Homes (South East) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03851099 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

1 OCTOBER 2014 TO 31 MARCH 2016

FOR

KINGFISHER HOMES (SOUTH EAST) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S Bowyer

Mr M Pilbeam

REGISTERED OFFICE:

Coxland Cottage

Sheepstreet Lane

Etchingham

East Sussex

TN19 7AY

REGISTERED NUMBER:

03851099 (England and Wales)

ACCOUNTANTS:

Honey Barrett Limited

Chartered Accountants

Pharmacy Chambers

High Street

Wadhurst

East Sussex

TN5 6AP

CURRENT ASSETS

Stocks

334,781

313,437

Cash at bank

120

436

334,901

313,873

CREDITORS

Amounts falling due within one year

332,663

266,183

NET CURRENT ASSETS

2,238

47,690

TOTAL ASSETS LESS CURRENT LIABILITIES

2,238

47,690

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

2,138

47,590

SHAREHOLDERS' FUNDS

2,238

47,690

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

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

The directors acknowledge their 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 Board of Directors on 23 December 2016 and were signed on its behalf by:

Mr S Bowyer - Director

Mr M Pilbeam - 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).

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Stocks of property are held for resale.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date where transactions or events have occurred at that date

that will result in an obligation to pay more, or a right to pay less or to receive more tax, with

the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value

adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled

over into replacement assets, only to the extent that, at the balance sheet date, there is a

binding agreement to dispose of the assets concerned. However, no provision is made

where, on the basis of all available evidence at the balance sheet date, it is more likely than

not that the taxable gain will be rolled over into replacement assets and charged to tax only

where the replacement assets are sold.

Deferred tax assets are recognised only to the extent that the director considers that it is

more likely than not that there will be suitable taxable profits from which the future reversal

of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to

apply in the periods in which timing differences reverse, based on tax rates and laws

enacted or substantively enacted at the balance sheet date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the

contractual arrangements entered into. An equity instrument is any contract that evidences a

residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are

equivalent to a similar debt instrument, those financial instruments are classed as financial

liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and

gains or losses relating to financial liabilities are included in the profit and loss account.

Finance costs are calculated so as to produce a constant rate of return on the outstanding

liability.

Where the contractual terms of share capital do not have any terms meeting the definition of

a financial liability then this is classed as an equity instrument. Dividends and distributions

relating to equity instruments are debited direct to equity.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2014

value:

£

£

100

Ordinary

£1

100

100