Homes Plus Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC176736 (Scotland)

Abbreviated Unaudited Accounts

for the Period 1 May 2014 to 31 October 2015

for

Homes Plus Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A P Blackhall

SECRETARY:

Lindsays WS

REGISTERED OFFICE:

3 Pentland Court

Bilston

ROSLIN

Midlothian

EH25 9TA

REGISTERED NUMBER:

SC176736 (Scotland)

ACCOUNTANTS:

J S Accounting Services Limited

13-15 Morningside Drive

EDINBURGH

EH10 5LZ

SOLICITORS:

Lindsays WS

Caledonian Exchange

19a Canning Street

Edinburgh

EH3 8HE

FIXED ASSETS

Intangible assets

2

4,398

5,498

Tangible assets

3

38,181

273,390

42,579

278,888

CURRENT ASSETS

Debtors

19,186

23,710

Cash at bank

6,809

-

25,995

23,710

CREDITORS

Amounts falling due within one year

74,438

149,325

NET CURRENT LIABILITIES

(48,443

)

(125,615

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,864

)

153,273

CREDITORS

Amounts falling due after more than one
year

4,590

74,928

NET (LIABILITIES)/ASSETS

(10,454

)

78,345

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

-

67,058

Profit and loss account

(10,554

)

11,187

SHAREHOLDERS' FUNDS

(10,454

)

78,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2015 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 24 February 2017 and were signed by:

A P Blackhall - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of

freehold land and leasehold properties and Financial Reporting Standard for Smaller Entities (effective April

2008).

The company relies on the continued support from the director..

This support is expected to continue for at least 12 months from the date that the financial statements were

approved, to enable the company to continue to trade and meet its liabilities as they fall due.

On this basis the director considers it appropriate to prepare the financial statements on a going concern basis.

The financial statements do not include any adjustments that would result from the withdrawal of these facilities.

The company forms part of a small group. The ultimate parent company has therefore taken advantage of the

exemption provided by section 238 of the Companies Act 1985 not to prepare group accounts.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 31 October 2015

22,000

AMORTISATION

At 1 May 2014

16,502

Amortisation for period

1,100

At 31 October 2015

17,602

NET BOOK VALUE

At 31 October 2015

4,398

At 30 April 2014

5,498

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

305,458

Additions

56,764

Disposals

(301,692

)

At 31 October 2015

60,530

DEPRECIATION

At 1 May 2014

32,068

Charge for period

7,976

Eliminated on disposal

(17,695

)

At 31 October 2015

22,349

NET BOOK VALUE

At 31 October 2015

38,181

At 30 April 2014

273,390

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

30.4.14

value:

£

100

Ordinary shares

£1

100

5.	ULTIMATE PARENT COMPANY

The ultimate parent company is Homes Plus Holdings Limited, a company registered in Great Britain.