Myrtle & Down Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08396172 (England and Wales)

Myrtle & Down Limited

Abbreviated Unaudited Accounts

for the Period 8 February 2013 to 28 February 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D P Bridger

Mrs J Bridger

SECRETARY:

D P Bridger

REGISTERED OFFICE:

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

REGISTERED NUMBER:

08396172 (England and Wales)

ACCOUNTANTS:

Hughes Waddell

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

CURRENT ASSETS

Stocks

1,319,248

Debtors

18,201

Cash at bank

224,298

1,561,747

CREDITORS

Amounts falling due within one year

1,599,595

NET CURRENT LIABILITIES

(37,848

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(37,848

)

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

(37,948

)

SHAREHOLDERS' FUNDS

(37,848

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2014 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 10 November 2014 and were signed on its behalf by:

D P Bridger - 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 April 2008).

Stock

The company carries forward as stock all direct and related expenditure in respect of uncompleted property

developments or properties held for future development or resale. The company usually undertakes

developments on terms such that the profit cannot be determined until the site is disposed of. Accordingly, no

attributable profit is taken on such uncompleted developments.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Going concern

The financial statements have been prepared on a going concern basis as the directors anticipate that the

company will be profitable following the completion of the current development.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.