Fen Park Developments Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08877055 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

FEN PARK DEVELOPMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Jenkins

Mrs S Jenkins

REGISTERED OFFICE:

The Thatch

Seething Fen

Seething

Norwich

Norfolk

NR15 1DG

REGISTERED NUMBER:

08877055 (England and Wales)

ACCOUNTANTS:

Juler Tooke

Lothing House

Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

FIXED ASSETS

Tangible assets

4

423

120

CURRENT ASSETS

Stocks

56,000

236,476

Debtors

5

67

841

Cash at bank

73,616

1,468

129,683

238,785

CREDITORS

Amounts falling due within one year

6

(73,951

)

(239,549

)

NET CURRENT ASSETS/(LIABILITIES)

55,732

(764

)

TOTAL ASSETS LESS CURRENT LIABILITIES

56,155

(644

)

PROVISIONS FOR LIABILITIES

7

(85

)

-

NET ASSETS/(LIABILITIES)

56,070

(644

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

55,970

(744

)

SHAREHOLDERS' FUNDS

56,070

(644

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 7 November 2017 and were signed on its behalf by:

J Jenkins - Director

1.	STATUTORY INFORMATION

Fen Park Developments Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2016

141

Additions

378

At 28 February 2017

519

DEPRECIATION

At 1 March 2016

21

Charge for year

75

At 28 February 2017

96

NET BOOK VALUE

At 28 February 2017

423

At 29 February 2016

120

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Other debtors

67

841

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade creditors

449

399

Taxation and social security

16,533

-

Other creditors

56,969

239,150

73,951

239,549

7.	PROVISIONS FOR LIABILITIES

28.2.17

29.2.16

£

£

Deferred tax

85

-

Deferred

tax

£

Accelerated capital allowances

85

Balance at 28 February 2017

85

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.17

29.2.16

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 March 2016

(744

)

Profit for the year

67,214

Dividends

(10,500

)

At 28 February 2017

55,970

10.	ULTIMATE CONTROLLING PARTY