DEPDEN_DEVELOPMENTS_LIMIT - Accounts

DEPDEN DEVELOPMENTS LIMITED - Company Information

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Company Registration No. 08647312 (England and Wales)

DEPDEN DEVELOPMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

DEPDEN DEVELOPMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DEPDEN DEVELOPMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

418,163

Current assets

Stocks

196

1,210

Debtors

2,919

7,506

Cash at bank and in hand

65,302

49,969

68,417

58,685

Creditors: amounts falling due within one year

(71,752)

(70,127)

Net current liabilities

(3,335)

(11,442)

Total assets less current liabilities

414,828

406,721

Creditors: amounts falling due after more than one year

(54,000)

(90,000)

360,828

316,721

Capital and reserves

Called up share capital

250,001

Profit and loss account

110,827

66,720

Shareholders' funds

360,828

316,721

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 March 2017

Mr M C G Robinson

Director

Company Registration No. 08647312

DEPDEN DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 2 -

Accounting policies

1.1

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).

1.2

Compliance with accounting standards

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 as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts and is recognised on despatch of goods. Rental income from operating leases is recognised on a straight line basis over the term of the lease.

1.4

Tangible fixed assets and depreciation

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost

At 1 September 2015 & at 31 August 2016

418,163

At 31 August 2015

418,163

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £36,000 (2015 - £36,000).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £54,000 (2015 - £90,000).

DEPDEN DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1 ordinary share of £1 each

250,000 A shares of £1 each

250,000

250,001

The A shares carry no voting rights and are redeemable at the option of the company.