Company Registration No. 9436142 (England and Wales)
HAMPSHIRE MOBILE PARK HOME ENTERPRISES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD 12 FEBRUARY 2015 TO 31 MARCH 2016
HAMPSHIRE MOBILE PARK HOME ENTERPRISES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HAMPSHIRE MOBILE PARK HOME ENTERPRISES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
Notes
£
£
Fixed assets
Tangible assets
2
2,199,348
Current assets
Stocks
144,836
Debtors
100,608
Cash at bank and in hand
69,290
314,734
Creditors: amounts falling due within one year
(277,823)
Net current assets
36,911
Total assets less current liabilities
2,236,259
Creditors: amounts falling due after more than one year
(1,994,592)
241,667
Capital and reserves
Called up share capital
3
100
Profit and loss account
241,567
Shareholder's funds
241,667
For the financial period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their 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 4 January 2017
Mr F Sines
Director
Company Registration No. 9436142
HAMPSHIRE MOBILE PARK HOME ENTERPRISES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 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:
Land and buildings Freehold
Nil
Plant and machinery
25% straight line
1.5
Stock
Stock is valued at the lower of cost and net realisable value. Stock consists of mobile homes and part exchange houses unsold at the year end. Stock consists of mobile homes and part exchange houses unsold at the year end.
2
Fixed assets
Tangible assets
£
Cost
At 12 February 2015
Additions
2,201,523
At 31 March 2016
2,201,523
Depreciation
At 12 February 2015
Charge for the period
2,175
At 31 March 2016
2,175
Net book value
At 31 March 2016
2,199,348
HAMPSHIRE MOBILE PARK HOME ENTERPRISES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
During the period the company issued 100 Ordinary shares of £1 each at par value.
4
Control
The company is ultimately controlled by Mr F Sines. true
5
Related party relationships and transactions
Included in creditors is an amount of £54,725 owed to the director Mr F Sines, as at the balance sheet date. Included in debtors is an amount of £85,140 owed by Fairview (Cambridge) Limited, a company controlled by Mr F Sines.
Included in debtors is an amount of £85,140 owed by Fairview (Cambridge) Limited, a company controlled by Mr F Sines.
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