AJP Homes Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05072124 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

AJP Homes Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

689

917

CURRENT ASSETS

Stocks

163,000

614,615

Debtors

-

1,878

Cash at bank

432

257

163,432

616,750

CREDITORS

Amounts falling due within one year

3

352,059

714,113

NET CURRENT LIABILITIES

(188,627

)

(97,363

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(187,938

)

(96,446

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(188,038

)

(96,546

)

SHAREHOLDERS' FUNDS

(187,938

)

(96,446

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 5 November 2014 and were signed on its behalf by:

P Lawson - 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).

Turnover

Turnover is recognised on the exchange of contracts on property development. Where a contractual relationship

exists with a customer at the year end but the contract is unfinished then a proportion of the turnover representing

the part completed of that contract is brought in.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

7,242

DEPRECIATION

At 1 April 2013

6,325

Charge for year

228

At 31 March 2014

6,553

NET BOOK VALUE

At 31 March 2014

689

At 31 March 2013

917

3.

CREDITORS

Creditors include an amount of £ 0 (31.3.13 - £ 398,378 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

5.	GOING CONCERN

The only amounts outstanding relate to the directors. The directors have confirmed that they will continue to

support the company for a year from the date of this report.