Advent Development Holdings Ltd - Abbreviated accounts 16.3
Advent Development Holdings Ltd - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended |
| 31 May 2016 |
| for |
| Advent Development Holdings Ltd |
| Advent Development Holdings Ltd (Registered number: 08087343) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 May 2016 |
| Page |
| Abbreviated Balance Sheet | 1 |
| Notes to the Abbreviated Accounts | 2 |
| Advent Development Holdings Ltd (Registered number: 08087343) |
| Abbreviated Balance Sheet |
| 31 May 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 financial statements were approved by the Board of Directors on behalf by: |
| Advent Development Holdings Ltd (Registered number: 08087343) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 May 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 the net sales charged for the year. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. Work in progress comprises |
| the cost of development land, together with all construction costs and associated development costs |
| incurred at the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| 2. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 June 2015 |
| and 31 May 2016 | 200 |
| NET BOOK VALUE |
| At 31 May 2016 |
| At 31 May 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the |
| following: |
| Subsidiary |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary £1 shares |
| £ | £ |
| Aggregate capital and reserves | (102,976 | ) | (351,674 | ) |
| Profit for the year | 248,698 | 724,623 |
| Advent Development Holdings Ltd (Registered number: 08087343) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 May 2016 |
| 2. | FIXED ASSET INVESTMENTS - continued |
| Joint venture |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary £1 shares |
| 30.11.15 | 30.11.14 |
| £ | £ |
| Aggregate capital and reserves | 460 | 460 |
| Profit for the year | - | 260 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary A | 1 |
| Ordinary B | 1 |
| 100 | 100 |
| All shares have equal voting rights and rank pari passu |