Abbreviated Company Accounts - FORESTER ESTATES LIMITED

Abbreviated Company Accounts - FORESTER ESTATES LIMITED


Registered Number 03759863

FORESTER ESTATES LIMITED

Abbreviated Accounts

30 April 2016

FORESTER ESTATES LIMITED Registered Number 03759863

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 67,809 67,832
67,809 67,832
Current assets
Cash at bank and in hand 125 1,610
125 1,610
Creditors: amounts falling due within one year (9,426) (9,277)
Net current assets (liabilities) (9,301) (7,667)
Total assets less current liabilities 58,508 60,165
Creditors: amounts falling due after more than one year (24,088) (27,979)
Total net assets (liabilities) 34,420 32,186
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 34,320 32,086
Shareholders' funds 34,420 32,186
  • 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 28 November 2016

And signed on their behalf by:
Mr S Forester, Director

FORESTER ESTATES LIMITED Registered Number 03759863

Notes to the Abbreviated Accounts for the period ended 30 April 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 January 2015

Tangible assets depreciation policy
Tangible fixed assets 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:
Computer equipment 25% reducing balance
Fixtures, fittings & equipment 25% reducing balance

No depreciation is provided in respect of investment properties. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view.

Other accounting policies
Deferred tax
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the director, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

2Tangible fixed assets
£
Cost
At 1 May 2015 69,444
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2016 69,444
Depreciation
At 1 May 2015 1,612
Charge for the year 23
On disposals -
At 30 April 2016 1,635
Net book values
At 30 April 2016 67,809
At 30 April 2015 67,832
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100