Quality Homes Investments Limited - Abbreviated accounts 16.3

Quality Homes Investments Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 03822276 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

QUALITY HOMES INVESTMENTS LIMITED

QUALITY HOMES INVESTMENTS LIMITED (REGISTERED NUMBER: 03822276)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

QUALITY HOMES INVESTMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2016







DIRECTOR: N Bird





SECRETARY: Mrs J Bird





REGISTERED OFFICE: Virginia House
56 Warwick Road
Solihull
United Kingdom
West Midlands
B92 7HX





REGISTERED NUMBER: 03822276 (England and Wales)





ACCOUNTANTS: Financial Accounting Services Limited
Virginia House
56 Warwick Road
Solihull
United Kingdom
West Midlands
B92 7HX

QUALITY HOMES INVESTMENTS LIMITED (REGISTERED NUMBER: 03822276)

ABBREVIATED BALANCE SHEET
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 70,609 65,633

CURRENT ASSETS
Debtors 656,572 534,219
Cash at bank 9,969 20
666,541 534,239
CREDITORS
Amounts falling due within one year 260,889 328,487
NET CURRENT ASSETS 405,652 205,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

476,261

271,385

CREDITORS
Amounts falling due after more than one year (45,816 ) (34,873 )

PROVISIONS FOR LIABILITIES (3,274 ) (3,992 )
NET ASSETS 427,171 232,520

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 427,169 232,518
SHAREHOLDERS' FUNDS 427,171 232,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395
and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 25 January 2017 and were signed by:



N Bird - Director


QUALITY HOMES INVESTMENTS LIMITED (REGISTERED NUMBER: 03822276)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and equipment - 25% on cost
Motor vehicles - 15% on cost
Office equipment - 25% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 129,610
Additions 29,080
At 31 March 2016 158,690
DEPRECIATION
At 1 April 2015 63,977
Charge for year 24,104
At 31 March 2016 88,081
NET BOOK VALUE
At 31 March 2016 70,609
At 31 March 2015 65,633

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

QUALITY HOMES INVESTMENTS LIMITED (REGISTERED NUMBER: 03822276)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 March 2016

4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and 31 March 2015:

2016 2015
£    £   
N Bird
Balance outstanding at start of year 453,579 382,800
Amounts advanced 374,640 262,729
Amounts repaid (262,729 ) (191,950 )
Balance outstanding at end of year 565,490 453,579