Whipsnade Park Homes Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00766836

WHIPSNADE PARK HOMES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST AUGUST 2016

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

75,095

81,508

CURRENT ASSETS

Stocks

121,000

91,850

Debtors

3,651

810

Cash at bank

615,364

481,435

740,015

574,095

CREDITORS

Amounts falling due within one year

82,504

55,795

NET CURRENT ASSETS

657,511

518,300

TOTAL ASSETS LESS CURRENT
LIABILITIES

732,606

599,808

PROVISIONS FOR LIABILITIES

409

585

NET ASSETS

732,197

599,223

CAPITAL AND RESERVES

Called up share capital

3

10,000

Profit and loss account

722,197

589,223

SHAREHOLDERS' FUNDS

732,197

599,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 18th April 2017 and were signed on its
behalf by:

Mrs G B Ponsford - 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 amounts invoiced during the year.

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

-

at variable rates on reducing balance

Site installations

-

10% on reducing balance

Freehold land has not been depreciated.

All fixed assets are initially recorded at cost.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2015

and 31st August 2016

159,343

DEPRECIATION

At 1st September 2015

77,835

Charge for year

6,413

At 31st August 2016

84,248

NET BOOK VALUE

At 31st August 2016

75,095

At 31st August 2015

81,508

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10,000

Ordinary

£1

10,000