NR20 Developments Limited
NR20 Developments Limited
Registered number: 09540020
Unaudited Financial Statements
For The Year Ended 30 April 2017
Hamilton Blake
Chartered Tax Advisers and Accountants
Thornton House
17 London Street
Swaffham
Norfolk
PE37 7DD
NR20 Developments Limited
Unaudited Financial Statements
For The Year Ended 30 April 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Accountant's Report | 1 |
| Balance Sheet | 2—3 |
| Statement of Changes in Equity | 4 |
| Notes to the Financial Statements | 5—7 |
NR20 Developments Limited
Accountant's Report
For The Year Ended 30 April 2017
Accountant's Report
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 April 2017 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
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Chartered Tax Advisers and Accountants
Thornton House
17 London Street
Swaffham
Norfolk
PE37 7DD
Page 1
NR20 Developments Limited
Balance Sheet
As at
30 April 2017
Balance Sheet
Registered number:
09540020
For the year ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 30 April 2017 | Period to 30 April 2016 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 5 |
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| CURRENT ASSETS | |||||
| Stocks | 6 |
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| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 8 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | 62,390 | (1,347) | |||
Page 2
NR20 Developments Limited
Balance Sheet (continued)
As at
30 April 2017
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account
On behalf of the board
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The notes on pages 5 to 7 form part of these financial statements.
Page 3
NR20 Developments Limited
Statement of Changes in Equity
For The Year Ended 30 April 2017
Statement of Changes in Equity
| Share Capital | Profit & Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Loss for the period and total comprehensive income | - |
( |
(1,447) |
| Arising on shares issued during the period |
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- | 100 |
| As at 30 April 2016 and 1 May 2016 |
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( |
(1,347) |
| Profit for the year and total comprehensive income | - |
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107,737 |
| Dividends paid | - | (44,000) | (44,000) |
| As at |
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62,390 |
Page 4
NR20 Developments Limited
Notes to the Unaudited Accounts
For The Year Ended 30 April 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Computer Equipment |
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1.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.5.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
5.
Tangible Assets
| Plant & Machinery | Computer Equipment | Total | |
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| £ | £ | £ | |
| Cost | |||
| As at |
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| Additions |
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| Depreciation | |||
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| Provided during the period |
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| As at |
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| Net Book Value | |||
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Page 5
NR20 Developments Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 30 April 2017
6.
Stocks
| 30 April 2017 | Period to 30 April 2016 | ||
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| £ | £ | ||
| Stock - work in progress |
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7.
Debtors
| 30 April 2017 | Period to 30 April 2016 | ||
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| £ | £ | ||
| Due within one year | |||
| VAT | - |
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8.
Creditors: Amounts Falling Due Within One Year
| 30 April 2017 | Period to 30 April 2016 | ||
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| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| Other taxes and social security | - |
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| VAT |
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| Accruals and deferred income |
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| Directors' loan accounts |
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Page 6
NR20 Developments Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 30 April 2017
10.
Transactions With and Loans to Directors
| As at |
Amounts advanced | Amounts repaid | As at |
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| £ | £ | £ | £ | |
| Mrs Amanda Garner |
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| Mr Nigel Garner |
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| Mrs Emily Seabright |
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| Mr Ryan Seabright |
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The balance is shown within creditors.
The loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
| 30 April 2017 | Period to 30 April 2016 | |
|---|---|---|
| £ | £ | |
| Mrs Amanda Garner | 11,000 | - |
| Mr Nigel Garner | 11,000 | - |
| Mrs Emily Seabright | 11,000 | - |
| Mr Ryan Seabright | 11,000 | - |
11.
Dividends
| 30 April 2017 | Period to 30 April 2016 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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| 44,000 | - | ||
12.
Ultimate Controlling Party
The company's ultimate controlling party are the directors by virtue of their ownership of 100% of the issued share capital in the company.
13.
General Information
NR20 Developments Limited Registered number 09540020 is a limited by shares company incorporated in England & Wales. The Registered Office is Thornton House, 17 London Street, Swaffham, Norfolk, PE37 7DD.
Page 7