NEWFIELDS_DEVELOPMENTS_LI - Accounts

NEWFIELDS DEVELOPMENTS LIMITED - Company Information

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Company Registration No. 00569997 (England and Wales)

NEWFIELDS DEVELOPMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2014

NEWFIELDS DEVELOPMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

NEWFIELDS DEVELOPMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

5 APRIL 2014

- 1 -

2014

2013

Notes

Current assets

Debtors

15,206,381

14,865,467

Cash at bank and in hand

664,720

707,119

15,871,101

15,572,586

Creditors: amounts falling due within one year

(126,103)

(122,896)

Total assets less current liabilities

15,744,998

15,449,690

Capital and reserves

Called up share capital

100

Other reserves

579,535

Profit and loss account

15,165,363

14,870,055

Shareholders' funds

15,744,998

15,449,690

For the financial year ended 5 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 November 2014

P R Walker

Director

Company Registration No. 00569997

NEWFIELDS DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Share capital

2014

2013

Allotted, called up and fully paid

400 Ordinary shares of 25p each

100

Ultimate parent company

The ultimate parent undertaking of the company is the HF Walker Will Trust. The directors hold all the issued share capital jointly as trustees of HF Walker Will Trust, of which Mrs PRF Walker is the income beneficiary and Mr PR Walker is the remainderman.