Calderstones Homes Limited - Accounts to registrar (filleted) - small 17.3

Calderstones Homes Limited - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 04420172 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2017

for

CALDERSTONES HOMES LIMITED

CALDERSTONES HOMES LIMITED (REGISTERED NUMBER: 04420172)






Contents of the Financial Statements
for the Year Ended 31st March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CALDERSTONES HOMES LIMITED

Company Information
for the Year Ended 31st March 2017







DIRECTOR: Mr G P Buchanan





SECRETARY: Mrs P F Buchanan





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 04420172 (England and Wales)





ACCOUNTANTS: Abrams Ashton
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

CALDERSTONES HOMES LIMITED (REGISTERED NUMBER: 04420172)

Balance Sheet
31st March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 100,000 83,014
100,000 83,014

CURRENT ASSETS
Cash at bank 25,839 909

CREDITORS
Amounts falling due within one year 6 16,813 11,960
NET CURRENT ASSETS/(LIABILITIES) 9,026 (11,051 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,026

71,963

CREDITORS
Amounts falling due after more than one
year

7

(63,433

)

(58,309

)

PROVISIONS FOR LIABILITIES (2,176 ) -
NET ASSETS 43,417 13,654

CAPITAL AND RESERVES
Called up share capital 8 100 100
Non-distributable reserves 14,810 -
Retained earnings 28,507 13,554
SHAREHOLDERS' FUNDS 43,417 13,654

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

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

The director acknowledges his 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.

CALDERSTONES HOMES LIMITED (REGISTERED NUMBER: 04420172)

Balance Sheet - 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 5th October 2017 and were signed by:





Mr G P Buchanan - Director


CALDERSTONES HOMES LIMITED (REGISTERED NUMBER: 04420172)

Notes to the Financial Statements
for the Year Ended 31st March 2017

1. STATUTORY INFORMATION

Calderstones Homes 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.

These financial statements for the year ended 31 March 2017 are the first financial statements that comply with
FRS 102 Section 1A for small entities. The date of transition is 1 April 2015.

The transition to FRS 102 Section 1A for small entities has resulted in no changes in accounting policies and no
reclassification adjustments.

Turnover
Turnover is the value of services, provided to customers during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.3% on cost

Investment property
Investment property is property held to earn rentals. It is initially measured at acquisition cost, including
transaction costs. Subsequently it is measured at fair value on an open market basis. Deferred tax is provided on
these movements. Gains and losses arising from changes in fair value are included in the Statement of Income
and Retained Earnings in which they arise.

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank
overdrafts, when applicable, are shown within borrowings in current liabilities.

CALDERSTONES HOMES LIMITED (REGISTERED NUMBER: 04420172)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2016
and 31st March 2017 366
DEPRECIATION
At 1st April 2016
and 31st March 2017 366
NET BOOK VALUE
At 31st March 2017 -
At 31st March 2016 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2016 83,014
Revaluations 16,986
At 31st March 2017 100,000
NET BOOK VALUE
At 31st March 2017 100,000
At 31st March 2016 83,014

Fair value at 31st March 2017 is represented by:

£   
Valuation in 2017 16,986
Cost 83,014
100,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.17 31.3.16
£    £   
Cost 83,014 83,014

Investment property was valued on an open market basis on 31st March 2017 by the director Mr G P Buchanan .

CALDERSTONES HOMES LIMITED (REGISTERED NUMBER: 04420172)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Tax 6,213 1,360
Directors' current accounts 10,000 10,000
Accrued expenses 600 600
16,813 11,960

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.17 31.3.16
£    £   
Directors' loan accounts 63,433 58,309

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.17 31.3.16
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

Throughout the current and previous year, Mr & Mrs G Buchanan have controlled the company by virtue of
holding 100% of the issued ordinary share capital.