Cornish Homes (Developments) Limited - Period Ending 2015-12-31

CORNISH HOMES (DEVELOPMENTS) LIMITED - Company Information

Registration number: 04616875

Cornish Homes (Developments) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015

Martin Fisher & Co Ltd
Chartered Certified Accountants
Woodbine Farm Bus. Centre
Truro Business Park
Threemilestone
Truro
Cornwall
TR3 6BW

Cornish Homes (Developments) Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Cornish Homes (Developments) Limited
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cornish Homes (Developments) Limited for the year ended 31 December 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Cornish Homes (Developments) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Cornish Homes (Developments) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cornish Homes (Developments) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cornish Homes (Developments) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Cornish Homes (Developments) Limited. You consider that Cornish Homes (Developments) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Cornish Homes (Developments) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Martin Fisher & Co Ltd
Chartered Certified Accountants
Woodbine Farm Bus. Centre
Truro Business Park
Threemilestone
Truro
Cornwall
TR3 6BW

31 August 2017

Page 1

Cornish Homes (Developments) Limited
(Registration number: 04616875)
Abbreviated Balance Sheet at 31 December 2015

	Note	2015 £	2014 £
Current assets
Debtors		1,170,460	1,170,460
Creditors: Amounts falling due within one year		(2,608,349)	(2,608,096)
Net liabilities		(1,437,889)	(1,437,636)
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		(1,437,989)	(1,437,736)
Shareholders' deficit		(1,437,889)	(1,437,636)

For the year ending 31 December 2015 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 director acknowledges his 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 director on 31 August 2017

.........................................
Mr Kevin Christopher Heaney
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Cornish Homes (Developments) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	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).

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2015			2014
		No.	£		No.	£
Ordinary shares of £1 each		100	100		100	100

Control

The company is controlled by Geraz Limited (A Company registered in England and Wales, Company Number 07660008, holding 100% of the issued share capital).

Page 3