Hollowglade Limited - Limited company - abbreviated

REGISTERED NUMBER: 05431375 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2014

for

Hollowglade Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

M J Underhill

K A Underhill

REGISTERED OFFICE:

Plymbridge Road

Estover

Plymouth

Devon

PL6 7LQ

REGISTERED NUMBER:

05431375 (England and Wales)

ACCOUNTANTS:

Prydis Accounts Limited

Chartered Accountants

The Parade

Liskeard

Cornwall

PL14 6AF

CURRENT ASSETS

Stocks

1,489,883

Debtors

2,638

3,882

Cash at bank and in hand

8,936

7,615

1,501,457

1,501,380

CREDITORS

Amounts falling due within one year

2

349,744

310,062

NET CURRENT ASSETS

1,151,713

1,191,318

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,151,713

1,191,318

CREDITORS

Amounts falling due after more than one
year

2

1,108,933

1,153,758

NET ASSETS

42,780

37,560

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

41,780

36,560

SHAREHOLDERS' FUNDS

42,780

37,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 11 December 2014 and were signed on its behalf
by:

M J Underhill - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors have assessed going concern and there are no material uncertainties which may cast significant

doubt about the company's ability to continue. As a result the financial statements have been prepared using the

going concern basis of accounting.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Stock & work in progress

Work in progress represents the six properties which remain unsold at year end. Despite the properties currently

being rented, this is a temporary measure during the slow down in property market. The company is actively

marketing the properties.

Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and

an appropriate proportion of fixed and variable overheads.

2.

CREDITORS

Creditors include an amount of £ 627,775 (30.4.13 - £ 668,600 ) for which security has been given.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

1,000

Ordinary

£1

1,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Hollowglade Limited for the year ended 30 April 2014 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to

its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Hollowglade Limited, as a body, in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hollowglade

Limited and state those matters that we have agreed to state to the Board of Directors of Hollowglade Limited, as a

body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by

law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body,

for our work or for this report.

It is your duty to ensure that Hollowglade Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hollowglade

Limited. You consider that Hollowglade Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hollowglade Limited. 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 statutory financial statements.

Prydis Accounts Limited

Chartered Accountants

The Parade

Liskeard

Cornwall

PL14 6AF

Date: December 2014

Hollowglade Limited - Limited company - abbreviated - 11.6

Hollowglade Limited - Limited company - abbreviated - 11.6