Abbreviated Company Accounts - HAYRE INVESTMENTS & DEVELOPMENTS LIMITED

HAYRE INVESTMENTS & DEVELOPMENTS LIMITED - Company Information

Registered Number 05078048

HAYRE INVESTMENTS & DEVELOPMENTS LIMITED

Abbreviated Accounts

31 March 2016

HAYRE INVESTMENTS & DEVELOPMENTS LIMITED Registered Number 05078048

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	9,973,021	14,239,762
		9,973,021	14,239,762
Current assets
Debtors		2,319,296	1,332,548
Cash at bank and in hand		2,631	53,536
		2,321,927	1,386,084
Creditors: amounts falling due within one year		(3,201,015)	(1,178,255)
Net current assets (liabilities)		(879,088)	207,829
Total assets less current liabilities		9,093,933	14,447,591
Creditors: amounts falling due after more than one year		(1,272,182)	(6,323,694)
Total net assets (liabilities)		7,821,751	8,123,897
Capital and reserves
Called up share capital		4	4
Revaluation reserve		6,230,593	7,282,454
Profit and loss account		1,591,154	841,439
Shareholders' funds		7,821,751	8,123,897

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 December 2016

And signed on their behalf by:
MR T S HAYRE, Director

HAYRE INVESTMENTS & DEVELOPMENTS LIMITED Registered Number 05078048

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% Reducing Balance Method
Equipment - 25% Reducing Balance Method

2Tangible fixed assets

	£
Cost
At 1 April 2015	14,259,806
Additions	-
Disposals	(3,213,972)
Revaluations	(1,051,861)
Transfers	-
At 31 March 2016	9,993,973
Depreciation
At 1 April 2015	20,044
Charge for the year	908
On disposals	-
At 31 March 2016	20,952
Net book values
At 31 March 2016	9,973,021
At 31 March 2015	14,239,762