TURNHOLD_DEVELOPMENTS_LIM - Accounts

TURNHOLD DEVELOPMENTS LIMITED - Company Information

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Company Registration No. 04681942 (England and Wales)

TURNHOLD DEVELOPMENTS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

TURNHOLD DEVELOPMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

TURNHOLD DEVELOPMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Current assets

Stocks

57,476

54,526

Debtors

614

9,569

Cash at bank and in hand

8,972

552

67,062

64,647

Creditors: amounts falling due within one year

(70,908)

(67,316)

Total assets less current liabilities

(3,846)

(2,669)

Capital and reserves

Called up share capital

Profit and loss account

(3,848)

(2,671)

Shareholders' funds

(3,846)

(2,669)

For the financial year ended 30 April 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 12 December 2016

Mr Garry Simpson

Director

Company Registration No. 04681942

TURNHOLD DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

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 April 2008).

In the year under review the company's balance was insolvent by £3,847.

Given the above, there is a material uncertainty which may cast significant doubt as to the company's ability to continue as a going concern and it may be unable to discharge its liabilities in the normal course of business.

However, having regard to the continued support of Turnhold Properties Limited the director adopted the going concern basis in preparing the accounts, and accordingly the financial statements do not contain any adjustments that would result if the loan was to be withdrawn.

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 for the sale of properties.

Sales are recognised on unconditional exchange of contract.

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each