Abbreviated Company Accounts - HERD CONSTRUCTION (HERTS) LIMITED

HERD CONSTRUCTION (HERTS) LIMITED - Company Information

01035510 HERD CONSTRUCTION (HERTS) LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 01035510 2013-04-01 2014-03-31 01035510 2014-03-31 01035510 2013-03-31 01035510 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 01035510 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 01035510

HERD CONSTRUCTION (HERTS) LIMITED

Abbreviated Accounts

31 March 2014

HERD CONSTRUCTION (HERTS) LIMITED Registered Number 01035510

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	328,550	328,550
Investments	3	95	95
		328,645	328,645
Current assets
Debtors		166,663	242,557
Cash at bank and in hand		191,082	203,824
		357,745	446,381
Prepayments and accrued income		26,974	12,206
Creditors: amounts falling due within one year		(27,089)	(26,305)
Net current assets (liabilities)		357,630	432,282
Total assets less current liabilities		686,275	760,927
Accruals and deferred income		(8,023)	(1,250)
Total net assets (liabilities)		678,252	759,677
Capital and reserves
Called up share capital	4	300	300
Profit and loss account		677,952	759,377
Shareholders' funds		678,252	759,677

For the year ending 31 March 2014 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 22 November 2014

And signed on their behalf by:
David Turner, Director

HERD CONSTRUCTION (HERTS) LIMITED Registered Number 01035510

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value of sales (excluding VAT) of properties classified as trading stock and work done in the normal course of business.

Valuation information and policy
Investment properties are stated at cost. No depreciation is provided on the company’s investment properties because in the opinion of the directors their current market value, as stated in note 7, is sufficiently high to make any depreciation charge unnecessary. Any permanent diminution in the value of these properties is charged to the Profit and Loss Account as it arises.
Fixed asset investments are shown at cost less amounts written off. No provisions are made for temporary fluctuations in value.

Other accounting policies
1.3 Rent Receivable
The comprises the value of rent receivable on investment properties in the normal course of business

2Tangible fixed assets

	£
Cost
At 1 April 2013	328,550
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	328,550
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	328,550
At 31 March 2013	328,550

Investment properties stated at cost. The directors believe the current value is higher than the cost so no depreciation is provided. The last valuation in 2011 was £1,660,340.

3Fixed assets Investments
Investments in unquoted shares £95 (2013 : £95)
The unquoted shares are shares in property management companies which manage blocks of flats, in which block at least one flat is owned by the company.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
300 Ordinary shares of £1 each	300	300