Sintra Developments Limited - Period Ending 2016-05-31

Registration number: 05465116

Sintra Developments Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

Sintra Developments Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Sintra Developments Limited (Registration number: 05465116)
Abbreviated Balance Sheet at 31 May 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					118			280
Investments					2			2
					120			282
Current assets
Stocks					713,778			713,778
Cash at bank and in hand					1			1
					713,779			713,779
Creditors: Amounts falling due within one year					(85,572)			(93,017)
Net current assets					628,207			620,762
Total assets less current liabilities					628,327			621,044
Creditors: Amounts falling due after more than one year					(710,352)			(710,409)
Net liabilities					(82,025)			(89,365)
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					(82,125)			(89,465)
Shareholders' deficit					(82,025)			(89,365)

For the year ending 31 May 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 24 February 2017 and signed on its behalf by:

.........................................
Mr N Beard
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Sintra Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis but for reasons set out in the directors report this basis may not be appropriate.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	3 years straight line

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Sintra Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 June 2015		761			2			763
At 31 May 2016		761			2			763
Depreciation
At 1 June 2015		481			-			481
Charge for the year		162			-			162
At 31 May 2016		643			-			643
Net book value
At 31 May 2016		118			2			120
At 31 May 2015		280			2			282

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Denehaven Limited		Ordinary Share	100%	that of land rental

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		-			3,353
Amounts falling due after more than one year		-			610,409
Total secured creditors		-			613,762

Page 3

Sintra Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Share of £1 each		100			100			100			100

Page 4