Abbreviated Company Accounts - HEATON ESTATES LIMITED

HEATON ESTATES LIMITED - Company Information

04739916 HEATON ESTATES LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 04739916 2015-05-01 2016-04-30 04739916 2016-04-30 04739916 2015-04-30 04739916 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 04739916 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 04739916

HEATON ESTATES LIMITED

Abbreviated Accounts

30 April 2016

HEATON ESTATES LIMITED Registered Number 04739916

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	33,897	10,167
		33,897	10,167
Current assets
Stocks		2,332,437	2,265,880
Debtors		18,219	9,833
Cash at bank and in hand		59,024	65,328
		2,409,680	2,341,041
Creditors: amounts falling due within one year	3	(194,793)	(1,125,082)
Net current assets (liabilities)		2,214,887	1,215,959
Total assets less current liabilities		2,248,784	1,226,126
Creditors: amounts falling due after more than one year	3	(1,913,734)	(1,000,491)
Provisions for liabilities		-	(2,033)
Total net assets (liabilities)		335,050	223,602
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		334,950	223,502
Shareholders' funds		335,050	223,602

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 20 January 2017

And signed on their behalf by:
Mrs K Taylor, Director
Mrs L Berry, Director

HEATON ESTATES LIMITED Registered Number 04739916

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
1.1 Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standards 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).

Tangible assets depreciation policy
1.3 Tangible fixed assets and depreciation
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:

Plant and machinery - 25% Reducing balance
Motor vehicles - 25% Reducing balance

Other accounting policies
Stock
Stock represents stocks of property valued at the lower of cost or net realisable value on an individual basis. The cost of each property includes the cost of acquisition and all the costs associated with its refurbishment and renovation.

2Tangible fixed assets

	£
Cost
At 1 May 2015	21,685
Additions	42,866
Disposals	(18,580)
Revaluations	-
Transfers	-
At 30 April 2016	45,971
Depreciation
At 1 May 2015	11,518
Charge for the year	11,298
On disposals	(10,742)
At 30 April 2016	12,074
Net book values
At 30 April 2016	33,897
At 30 April 2015	10,167

3Creditors

	2016 £	2015 £
Secured Debts	1,999,764	1,085,791
Instalment debts due after 5 years	1,562,809	668,399

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100