Court House Manor Ltd - Period Ending 2016-04-30

Registration number: 08500680

Court House Manor Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Court House Manor Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Court House Manor Ltd
(Registration number: 08500680)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			(As restated) 2015 £
Fixed assets
Intangible fixed assets					166,500			175,750
Tangible fixed assets					223,224			115,185
					389,724			290,935
Current assets
Stocks					1,713			-
Debtors					50,678			13,184
Cash at bank and in hand					31,310			6,221
					83,701			19,405
Creditors: Amounts falling due within one year					(380,797)			(349,683)
Net current liabilities					(297,096)			(330,278)
Total assets less current liabilities					92,628			(39,343)
Creditors: Amounts falling due after more than one year					(55,422)			-
Provisions for liabilities					(29,925)			(23,037)
Net assets/(liabilities)					7,281			(62,380)
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					7,280			(62,381)
Shareholders' funds/(deficit)					7,281			(62,380)

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Court House Manor Ltd
(Registration number: 08500680)
Abbreviated Balance Sheet at 30 April 2016
......... continued

For the year ending 30 April 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 18 January 2017 and signed on its behalf by:

.........................................
Mrs Linda Lloyd
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Court House Manor Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Amortisation	5% Straight Line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% Straight line
Fixtures and fittings	25/50% Straight line
Motor vehicles	20% Straight line
Property improvements	10% Reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 3

Court House Manor Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 May 2015		185,000			131,703			316,703
Additions		-			146,037			146,037
At 30 April 2016		185,000			277,740			462,740
Depreciation
At 1 May 2015		9,250			16,518			25,768
Charge for the year		9,250			37,998			47,248
At 30 April 2016		18,500			54,516			73,016
Net book value
At 30 April 2016		166,500			223,224			389,724
At 30 April 2015		175,750			115,185			290,935

Page 4

Court House Manor Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		1			1			1			1

4	Prior period adjustments

Goodwill and amortisation for the year ended 30 April 2015 were overstated and have been corrected by way of a prior year adjustment. Deferred tax was not provided for in the 2015 accounts. This has also been adjusted by way of a prior year adjustment. These adjustments have had the effect of reducing the reserves by £2,287 and reducing the taxable loss carried forward by £20,750.

5

Control

The controlling party is the director, L Lloyd, by virtue of her 100% interest in the ordinary shares of the company.

Page 5