Bellingham Homes Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 09349984 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Bellingham Homes Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr H Rous

SECRETARY:

Mrs S A Rous

REGISTERED OFFICE:

Ilium House

Henham Estate

Henham

Beccles

Suffolk

NR34 8AN

REGISTERED NUMBER:

09349984 (England and Wales)

ACCOUNTANTS:

Waveney Accountants Ltd

T/A Newman & Co

Chartered Accountants

7 Hungate

Beccles

Suffolk

NR34 9TT

FIXED ASSETS

Tangible assets

4

605

-

CURRENT ASSETS

Stocks

421,625

632,045

Debtors

5

25,782

5,193

Cash at bank

475,797

70,673

923,204

707,911

CREDITORS

Amounts falling due within one year

6

801,613

710,850

NET CURRENT ASSETS/(LIABILITIES)

121,591

(2,939

)

TOTAL ASSETS LESS CURRENT LIABILITIES

122,196

(2,939

)

PROVISIONS FOR LIABILITIES

121

-

NET ASSETS/(LIABILITIES)

122,075

(2,939

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

122,073

(2,941

)

SHAREHOLDERS' FUNDS

122,075

(2,939

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 7 August 2017 and were signed by:

Mr H Rous - Director

1.	STATUTORY INFORMATION

Bellingham Homes Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 etc

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

675

At 31 December 2016

675

DEPRECIATION

Charge for year

70

At 31 December 2016

70

NET BOOK VALUE

At 31 December 2016

605

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Other debtors

25,782

5,193

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

4,227

20,293

Taxation and social security

32,897

-

Other creditors

764,489

690,557

801,613

710,850

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 were paid to the director .

Dividends of £5,000 were also paid to the director's wife, who is the company secretary.