Ulla Homes Limited - Period Ending 2017-02-28
Ulla Homes Limited - Period Ending 2017-02-28
Registration number:
Ulla Homes Limited
for the Year Ended 28 February 2017
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG
Ulla Homes Limited
(Registration number: 05055681)
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Ulla Homes Limited
(Registration number: 05055681)
Company Information
Director |
Mr P Simms |
Registered office |
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Accountants |
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Page 1 |
Ulla Homes Limited
(Registration number: 05055681)
Balance Sheet as at 28 February 2017
Note |
2017 |
2016 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Mr P Simms
Director
Page 2 |
Ulla Homes Limited
(Registration number: 05055681)
Notes to the Financial Statements for the Year Ended 28 February 2017
General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
The principal place of business is:
Inwoods
Abbots Leigh Road
Bristol
BS8 3QA
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Equipment |
25% straight line |
Page 3 |
Ulla Homes Limited
(Registration number: 05055681)
Notes to the Financial Statements for the Year Ended 28 February 2017
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Borrowings
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Page 4 |
Ulla Homes Limited
(Registration number: 05055681)
Notes to the Financial Statements for the Year Ended 28 February 2017
Tangible assets |
Other property, plant and equipment |
Total |
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Cost or valuation |
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At 1 March 2016 |
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At 28 February 2017 |
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Depreciation |
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At 1 March 2016 |
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At 28 February 2017 |
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Carrying amount |
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At 28 February 2017 |
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Investments |
2017 |
2016 |
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Investments in associates |
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Associates |
£ |
Cost |
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At 1 March 2016 |
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At 28 February 2017 |
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Carrying amount |
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At 28 February 2017 |
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At 29 February 2016 |
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Debtors |
2017 |
2016 |
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Prepayments and accrued income |
23,062 |
23,062 |
Total current trade and other debtors |
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Page 5 |
Ulla Homes Limited
(Registration number: 05055681)
Notes to the Financial Statements for the Year Ended 28 February 2017
Creditors |
Note |
2017 |
2016 |
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Due within one year |
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Loans and borrowings |
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Accrued expenses |
420 |
420 |
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Loans and borrowings |
2017 |
2016 |
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Current loans and borrowings |
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Other borrowings |
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Transition to FRS 102 |
Page 6 |