Accounts filed on 31-10-2016


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/10/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 04461815


Registered Number: 04461815

BALANCE SHEET AT 31/10/2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Investments	2		250,200		250,200

CURRENT ASSETS
Stock		912,000		912,000
Debtors (amounts falling due within one year)	3	26,066		26,066
Cash at bank and in hand		1,193		1,299
		939,259		939,365
CREDITORS: Amounts falling due within one year		408,186		408,256
NET CURRENT ASSETS			531,073		531,109
TOTAL ASSETS LESS CURRENT LIABILITIES			781,273		781,309


CREDITORS: Amounts falling due after more than one year	4		623,018		623,018

NET ASSETS			158,255		158,291

CAPITAL AND RESERVES

Called up share capital	5		800		800
Profit and loss account			157,455		157,491
SHAREHOLDERS' FUNDS			158,255		158,291

For the year ending 31/10/2016 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 25/05/2017 and signed on their behalf by




F Lowe
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).




1c. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1d. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




2. INVESTMENT FIXED ASSETS

	Other
	Investments	Total
	£	£
Cost
At 01/11/2015	250,200	250,200
At 31/10/2016	250,200	250,200
Amortisation
Net Book Amounts
At 31/10/2016	250,200	250,200
At 31/10/2015	250,200	250,200
Magnus Homes Limited and Pentakan Limited are 100% subsidiaries of the company.
At 31st October 2016 the aggregate of share capital and reserves of Magnus Homes Limited was £1,096,976 (2015 - £784,207) and its profit, after tax, for the year ended 31st October 2016 was £417,961 (2015 - £320,198).
At 31st October 2016 the aggregate of share capital and reserves of Pentakan Limited was £12,032 (2015 - £12,032) and its profit for the year ended 31st October 2016 was £nil (2015 - £nil)




3. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
Other debtors	26,066	26,066
	26,066	26,066




4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2016	2015
	£	£
Trade creditors	623,018	623,018
	623,018	623,018




5. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
800 Ordinary shares of £1 each	800	800
	800	800