Broadleaf Land & New Homes Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07104660 (England and Wales)

BROADLEAF LAND & NEW HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A T Staddon

Mrs J Staddon

REGISTERED OFFICE:

1 Rivermead Close

Romsey

Hampshire

SO51 8HQ

REGISTERED NUMBER:

07104660 (England and Wales)

CURRENT ASSETS

Stocks

-

794,148

Debtors

3

443

13,124

Cash at bank

13,447

3,532

13,890

810,804

CREDITORS

Amounts falling due within one year

4

(13,714

)

(889,088

)

NET CURRENT ASSETS/(LIABILITIES)

176

(78,284

)

TOTAL ASSETS LESS CURRENT LIABILITIES

176

(78,284

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

174

(78,286

)

SHAREHOLDERS' FUNDS

176

(78,284

)

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 17 October 2017 and were signed on its behalf by:

Mrs J Staddon - Director

1.	STATUTORY INFORMATION

Broadleaf Land & New 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 FRS102 "The Financial Reporting Standards

applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as

applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure

is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain

financial instruments at fair value. The principal accounting policies adopted are set out below.

These financial statements are the first financial statements Broadleaf Land & New Homes Limited have

prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in

the UK and Republic of Ireland' (FRS 102), as applied to smaller entities by the adoption of Section 1A of

FRS102. The financial statements of Broadleaf Land & New Homes Limited for the year ended 31 March 2017

were prepared in accordance with previous UK GAAP.

Some of the FRS 102 recognition, measurement, presentation and disclosure requirements and accounting policy

choices differ from previous UK GAAP. Consequently, the directors have amended certain accounting policies

to comply with FRS 102. There have been no transitional adjustments.

Turnover

Turnover represents the value of services, net of applicable taxes, and is recognised upon completion of projects.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

443

13,124

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

44

320

Other creditors

13,670

888,768

13,714

889,088

5.	RELATED PARTY DISCLOSURES

Colstad Developments Ltd

A Company Controlled by A T Staddon

Amount due (to)/ from related party at the balance sheet date is £64,550 (2016: (£719,450)).

During the period, the company sold goods and services totalling £1,299,000 (2016: Nil) to Colstad

Developments Ltd.