Quarry Walk Park Limited - Period Ending 2016-10-31
Quarry Walk Park Limited - Period Ending 2016-10-31
Registration number:
for the Year Ended
Quarry Walk Park Limited
Contents
Abbreviated Balance Sheet |
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Notes to the Abbreviated Accounts |
Quarry Walk Park Limited
(Registration number: 04887544)
Abbreviated Balance Sheet as at 31 October 2016
Note |
2016 |
2015 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets/(liabilities) |
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( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 October 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.
Quarry Walk Park Limited
(Registration number: 04887544)
Abbreviated Balance Sheet as at 31 October 2016
Approved by the Board on
.........................................
Mr Ian Millican
Director
.........................................
Mr Leigh Hall
Director
.........................................
Mr Dean Wann
Company secretary and director
Quarry Walk Park Limited
Notes to the Abbreviated Accounts
Accounting policies |
Basis of preparation
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.
Revenue recognition
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Freehold Property |
in accordance with the property |
Plant and machinery |
20% reducing balance |
Managers accommodation |
25% reducing balance |
Motor vehicles |
25% reducing balance |
Office equipment |
25% reducing balance |
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
Deferred tax
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE.
Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.
Quarry Walk Park Limited
Notes to the Abbreviated Accounts
Fixed assets |
Tangible assets |
Total |
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Cost |
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At 1 November 2015 |
3,327,109 |
3,327,109 |
Additions |
401,790 |
401,790 |
Disposals |
(2,700) |
(2,700) |
At 31 October 2016 |
3,726,199 |
3,726,199 |
Depreciation |
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At 1 November 2015 |
598,639 |
598,639 |
Charge for the year |
98,053 |
98,053 |
Eliminated on disposals |
(2,219) |
(2,219) |
At 31 October 2016 |
694,473 |
694,473 |
Net book value |
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At 31 October 2016 |
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At 31 October 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Control |
The company is controlled by