Pendragon Construction Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09446938 (England and Wales)

Financial Statements

for the Year Ended 31 March 2017

for

Pendragon Construction Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S E Thomas

D W Burditt

C J Tough

K J Tough

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

REGISTERED NUMBER:

09446938 (England and Wales)

ACCOUNTANTS:

Barnbrook Sinclair

Chartered Accountants

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Tangible assets

4

3,880

5,173

CURRENT ASSETS

Stocks

66,619

13,042

Debtors

5

5,659

1,717

Cash at bank

4,915

2,387

77,193

17,146

CREDITORS

Amounts falling due within one year

6

(111,615

)

(37,676

)

NET CURRENT LIABILITIES

(34,422

)

(20,530

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(30,542

)

(15,357

)

CREDITORS

Amounts falling due after more than one year

7

-

(1,382

)

NET LIABILITIES

(30,542

)

(16,739

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(30,642

)

(16,839

)

SHAREHOLDERS' FUNDS

(30,542

)

(16,739

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 11 October 2017 and were signed on its behalf by:

S E Thomas - Director

1.	STATUTORY INFORMATION

Pendragon Construction Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The Statement of Financial Position shows a deficit in retained earnings of £30,462. The company's directors

have confirmed that they will continue to provide financial support to the company to enable it to meet its

liabilities as they fall due for the foreseeable future. As such, the company's directors consider it appropriate to

prepare the financial statements on a going concern basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Inventories

Inventories represent properties acquired for development and properties currently being developed. All costs

associated with the development work are included and a provision is made if the carrying value of the

inventories are deemed to be greater than fair value. Such provision is expensed through profit and loss.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

Cost

At 1 April 2016

and 31 March 2017

6,898

Depreciation

At 1 April 2016

1,725

Charge for year

1,293

At 31 March 2017

3,018

Net book value

At 31 March 2017

3,880

At 31 March 2016

5,173

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 April 2016

and 31 March 2017

6,898

Depreciation

At 1 April 2016

1,725

Charge for year

1,293

At 31 March 2017

3,018

Net book value

At 31 March 2017

3,880

At 31 March 2016

5,173

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Other debtors

5,659

1,717

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Hire purchase contracts

1,982

3,143

Other creditors

109,633

34,533

111,615

37,676

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/17

31/3/16

£

£

Hire purchase contracts

-

1,382

8.	FIRST YEAR ADOPTION

The company has adopted FRS 102 for the year end 31 March 2017. There have been no transitional

adjustments to the company's equity or reserves at the date of transition to FRS 102 nor at the end of the

comparative period