Longcroft Homes Ltd - Accounts to registrar - small 17.2
Longcroft Homes Ltd - Accounts to registrar - small 17.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 April 2017 |
for |
Longcroft Homes Ltd |
Longcroft Homes Ltd (Registered number: 09530736) |
Contents of the Financial Statements |
for the Year Ended 30 April 2017 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Longcroft Homes Ltd |
Company Information |
for the Year Ended 30 April 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
3 Charnwood Street |
Derby |
Derbyshire |
DE1 2GY |
Longcroft Homes Ltd (Registered number: 09530736) |
Abridged Balance Sheet |
30 April 2017 |
2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on |
Longcroft Homes Ltd (Registered number: 09530736) |
Notes to the Financial Statements |
for the Year Ended 30 April 2017 |
1. | STATUTORY INFORMATION |
Longcroft Homes Ltd is a |
registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
This is the first year in which the financial statements were prepared under FRS 102 section 1A. The date of |
transition was 8th April 2015 and no changes were required as a result. |
The accounts have been prepared on a going concern basis as the director's have committed to continue to |
financially support the company. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost includes all materials, transport and other expenses in bringing work in progress to its 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 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 |
4. | SECURED DEBTS |
The amount of secured debt included in creditors is £2,564,613 by way of 2 legal charges dated 30 September |
2015 over all the company assets. |
5. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
Share capital 1 | £1 | 100 | 100 |
Longcroft Homes Ltd (Registered number: 09530736) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2017 |
6. | ULTIMATE CONTROLLING PARTY |
There is no overall controlling party. |
7. | FIRST YEAR ADOPTION |
This is the company's first year of adoption of FRS102. There were no adjustments necessary on transition to |
FRS102. |