Abbreviated Company Accounts - LAND4HOMES LTD

Abbreviated Company Accounts - LAND4HOMES LTD

LAND4HOMES LTD - Company Information

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Registered Number 08050279

LAND4HOMES LTD

Abbreviated Accounts

31 July 2016

LAND4HOMES LTD Registered Number 08050279

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 307,846 663,026
Tangible assets 3 3,388 4,964
Investments - -
311,234 667,990
Current assets
Stocks - -
Debtors 26,860 49,054
Investments - -
Cash at bank and in hand 640,120 96,588
666,980 145,642
Prepayments and accrued income - -
Creditors: amounts falling due within one year (816,189) (731,814)
Net current assets (liabilities) (149,209) (586,172)
Total assets less current liabilities 162,025 81,818
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) 162,025 81,818
Capital and reserves
Called up share capital 4 100 100
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 161,925 81,718
Shareholders' funds 162,025 81,818
  • For the year ending 31 July 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 11 April 2017

And signed on their behalf by:
Mr J G D Sharp, Director

LAND4HOMES LTD Registered Number 08050279

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Compliance with accounting standard
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its useful life, as follows:

Plant and machinery 20% Reducing balance
Computer equipment 33.3% Straight line

Intangible assets amortisation policy
Acquired goodwill is written off over its estimated useful economic life.

2Intangible fixed assets
£
Cost
At 1 August 2015 1,000,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 July 2016 1,000,000
Amortisation
At 1 August 2015 336,974
Charge for the year 355,180
On disposals 0
At 31 July 2016 692,154
Net book values
At 31 July 2016 307,846
At 31 July 2015 663,026
3Tangible fixed assets
£
Cost
At 1 August 2015 14,086
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 July 2016 14,086
Depreciation
At 1 August 2015 9,122
Charge for the year 1,576
On disposals 0
At 31 July 2016 10,698
Net book values
At 31 July 2016 3,388
At 31 July 2015 4,964
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
50 A Ordinary shares of £1 each 50 50
50 B Ordinary shares of £1 each 50 50