Madeley Developments Limited - Accounts to registrar - small 17.2

Madeley Developments Limited - Accounts to registrar - small 17.2

MADELEY DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 04833603 (England and Wales)













Unaudited Financial Statements

for the Period 1st March 2016 to 31st March 2017

for

Madeley Developments Limited

Madeley Developments Limited (Registered number: 04833603)






Contents of the Financial Statements
for the Period 1st March 2016 to 31st March 2017




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Madeley Developments Limited

Company Information
for the Period 1st March 2016 to 31st March 2017







DIRECTORS: Mrs J M Ward
Mrs C M Crow
B McNulty FCCA
R A Ward





SECRETARY: Mrs J M Ward





REGISTERED OFFICE: Bank House
Market Square
Congleton
Cheshire
CW12 1ET





REGISTERED NUMBER: 04833603 (England and Wales)
Page 1
Madeley Developments Limited (Registered number: 04833603)

Abridged Statement of Financial Position
31st March 2017

31/3/17 29/2/16
Notes £    £    £    £   
FIXED ASSETS
Investments 3 64,296 54,569
Investment property 4 3,710,000 3,710,000
3,774,296 3,764,569

CURRENT ASSETS
Debtors 201,741 22,490
Cash at bank and in hand 85,138 709,983
286,879 732,473
CREDITORS
Amounts falling due within one year 58,836 602,210
NET CURRENT ASSETS 228,043 130,263
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,002,339
3,894,832

PROVISIONS FOR LIABILITIES 351,325 364,616
NET ASSETS 3,651,014 3,530,216

CAPITAL AND RESERVES
Called up share capital 50 50
Fair value reserve 1,671,127 1,657,835
Retained earnings 1,979,837 1,872,331
SHAREHOLDERS' FUNDS 3,651,014 3,530,216

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st 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 notes form part of these financial statements

Page 2 continued...
Madeley Developments Limited (Registered number: 04833603)

Abridged Statement of Financial Position - continued
31st March 2017


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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the period ended 31st March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 17th October 2017 and were signed on its behalf
by:





Mrs J M Ward - Director


The notes form part of these financial statements

Page 3
Madeley Developments Limited (Registered number: 04833603)

Notes to the Financial Statements
for the Period 1st March 2016 to 31st March 2017

1. STATUTORY INFORMATION

Madeley Developments 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, and
directors' loans.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted
amount of cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised costs are assessed at the end of each reporting period for
objective evidence of impairment, If objective evidence of impairment is found, an impairment loss is recognised
in the Statement of changes in Equity.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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 period 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.

Revenue recognition
Rental income is recognised on the accruals basis and therefore deferred when invoiced in advance.

Page 4 continued...
Madeley Developments Limited (Registered number: 04833603)

Notes to the Financial Statements - continued
for the Period 1st March 2016 to 31st March 2017

3. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1st March 2016 54,569
Revaluations 9,727
At 31st March 2017 64,296
NET BOOK VALUE
At 31st March 2017 64,296
At 29th February 2016 54,569

Cost or valuation at 31st March 2017 is represented by:
Totals
£   
Cost 50,000

If Investment property had not been revalued they would have been included at the following historical cost:

31/3/17 29/2/16
£    £   
Cost 1,687,549 1,687,549

Investment property were valued on an open market basis on 28th February 2015 by the directors. .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2016
and 31st March 2017 3,710,000
NET BOOK VALUE
At 31st March 2017 3,710,000
At 29th February 2016 3,710,000

Cost or valuation at 31st March 2017 is represented by:

£   
Valuation in 2011 306,824
Valuation in 2015 2,022,451
Cost 1,380,725
3,710,000

Page 5 continued...
Madeley Developments Limited (Registered number: 04833603)

Notes to the Financial Statements - continued
for the Period 1st March 2016 to 31st March 2017

5. FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention
and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2015) as at 1st
March 2016.


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