Collingwood Homes Limited - Abbreviated accounts 16.3
Collingwood Homes Limited - Abbreviated accounts 16.3
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 31 May 2016 |
for |
Collingwood Homes Limited |
Collingwood Homes Limited (Registered number: 05317412) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 May 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Collingwood Homes Limited |
Company Information |
for the Year Ended 31 May 2016 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
BANKERS: |
Collingwood Homes Limited (Registered number: 05317412) |
Abbreviated Balance Sheet |
31 May 2016 |
31.5.16 | 31.5.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investment property | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
4 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Revaluation reserve |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
Collingwood Homes Limited (Registered number: 05317412) |
Abbreviated Balance Sheet - continued |
31 May 2016 |
The financial statements were approved by the director on |
Collingwood Homes Limited (Registered number: 05317412) |
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 as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
market value is transferred to a revaluation reserve. |
In accordance with Statement of Standard Accounting Practice No.19, depreciation is not provided on freehold |
investment properties. This is a departure from the Companies Act 1985, which requires all properties to be |
depreciated. Such properties are not held for consumption but for investment and the directors consider that to |
depreciate them would not give a true and fair view. The properties are to be revalued on an annual interval |
basis. Depreciation is only one of the many factors reflected in the annual valuation of properties and |
accordingly the amount depreciation, which might otherwise have been charged, cannot be separately identified |
or quantified, the directors consider that this policy results in the accounts giving a true and fair view. |
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 June 2015 |
and 31 May 2016 |
DEPRECIATION |
At 1 June 2015 |
Charge for year |
At 31 May 2016 |
NET BOOK VALUE |
At 31 May 2016 |
At 31 May 2015 |
Collingwood Homes Limited (Registered number: 05317412) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 May 2016 |
3. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 June 2015 |
and 31 May 2016 |
NET BOOK VALUE |
At 31 May 2016 |
At 31 May 2015 |
4. | CREDITORS |
Creditors include an amount of £ |
They also include the following debts falling due in more than five years: |
31.5.16 | 31.5.15 |
£ | £ |
Repayable otherwise than by instalments | 125,000 | 125,000 |
Repayable by instalments | 51,400 | 45,400 |
176,400 | 170,400 |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.16 | 31.5.15 |
value: | £ | £ |
Ordinary | £1 |
6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 May 2016 and |
31 May 2015: |
31.5.16 | 31.5.15 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Balance outstanding at end of year | ( |
) | ( |
) |
7. | ULTIMATE CONTROLLING PARTY |
The company is controlled by |