Honeylark Limited - Abbreviated accounts 16.3

HONEYLARK LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A J Simpson

I Simpson

SECRETARY:

Mrs E A Hawkins

REGISTERED OFFICE:

34 Boulevard

Weston-super-Mare

Somerset

BS23 1NF

REGISTERED NUMBER:

03504390 (England and Wales)

ACCOUNTANTS:

four fifty partnership

Chartered Accountants

34 Boulevard

Weston-super-Mare

Somerset

BS23 1NF

FIXED ASSETS

Investment property

2

2,717,977

2,763,500

CURRENT ASSETS

Debtors

268,757

70,125

Cash at bank

-

2

268,757

70,127

CREDITORS

Amounts falling due within one year

3

108,462

143,449

NET CURRENT ASSETS/(LIABILITIES)

160,295

(73,322

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,878,272

2,690,178

CREDITORS

Amounts falling due after more than
one year

3

1,253,566

1,457,597

NET ASSETS

1,624,706

1,232,581

CAPITAL AND RESERVES

Called up share capital

4

2

Revaluation reserve

851,948

555,448

Profit and loss account

772,756

677,131

SHAREHOLDERS' FUNDS

1,624,706

1,232,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 31 January 2017 and were signed on
its behalf by:

A J Simpson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by

the revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to

consideration.

Investment property

Investment properties are revalued annually by the directors and the aggregate surplus or deficit is

transferred to an investment revaluation reserve.

Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising

from changes in market value is transferred to a revaluation reserve.

No depreciation is provided in respect of such properties. Although the Companies Act 2006 would

normally require the systematic annual depreciation of fixed assets it is believed that this policy of

not providing depreciation is necessary in order for the financial statements to give a true and fair

view.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual

arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any

contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 May 2015

2,763,500

Disposals

(452,023

)

Revaluations

406,500

At 30 April 2016

2,717,977

NET BOOK VALUE

At 30 April 2016

2,717,977

At 30 April 2015

2,763,500

3.

CREDITORS

Creditors include an amount of £ 1,277,919 (2015 - £ 1,500,799 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

235,208

357,487

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2