Developing Assets (UK) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04411666 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

DEVELOPING ASSETS (UK) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B Gladston

S A Gladston

SECRETARY:

B Gladston

REGISTERED OFFICE:

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

REGISTERED NUMBER:

04411666 (England and Wales)

ACCOUNTANTS:

Dennis & Turnbull

Chartered Accountants

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

FIXED ASSETS

Tangible assets

2

100,114

151,199

Investments

3

38,100

38,100

138,214

189,299

CURRENT ASSETS

Stocks

12,064

-

Debtors

2,224,282

1,766,373

Cash at bank

37,542

233,833

2,273,888

2,000,206

CREDITORS

Amounts falling due within one year

(369,279

)

(398,694

)

NET CURRENT ASSETS

1,904,609

1,601,512

TOTAL ASSETS LESS CURRENT LIABILITIES

2,042,823

1,790,811

PROVISIONS FOR LIABILITIES

(6,640

)

(14,994

)

NET ASSETS

2,036,183

1,775,817

CAPITAL AND RESERVES

Called up share capital

4

300

300

Capital redemption reserve

1

1

Profit and loss account

2,035,882

1,775,516

SHAREHOLDERS' FUNDS

2,036,183

1,775,817

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 28 March 2017 and were signed on its behalf by:

B Gladston - Director

S A Gladston - Director

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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 May 2015

215,851

Additions

11,814

Disposals

(32,700

)

At 30 April 2016

194,965

DEPRECIATION

At 1 May 2015

64,652

Charge for year

41,921

Eliminated on disposal

(11,722

)

At 30 April 2016

94,851

NET BOOK VALUE

At 30 April 2016

100,114

At 30 April 2015

151,199

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 May 2015

and 30 April 2016

38,100

NET BOOK VALUE

At 30 April 2016

38,100

At 30 April 2015

38,100

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Developing Opportunities Limited

Country of incorporation: England & Wales

Nature of business: Property development.

%

Class of shares:

holding

Ordinary

100.00

30.9.16

30.9.15

£

£

Aggregate capital and reserves

10,057

(37,229

)

Loss for the year

(2,714

)

(845

)

Gladston Turner Limited

Country of incorporation: England and Wales

Nature of business: Property development.

%

Class of shares:

holding

Ordinary

50.00

31.8.16

31.8.15

£

£

Aggregate capital and reserves

518,386

255,348

Profit for the year

263,038

204,891

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

50

A Ordinary

£1

50

50

50

B Ordinary

£1

50

50

50

C Ordinary

£1

50

50

50

D Ordinary

£1

50

50

200

200

Allotted and issued:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Share capital 1

£1

100

100

5.	LOANS TO PARTICIPATORS