Abbreviated Company Accounts - QUORN HOMES LIMITED

QUORN HOMES LIMITED - Company Information

05059643 QUORN HOMES LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 05059643 2013-04-01 2014-03-31 05059643 2014-03-31 05059643 2013-03-31 05059643 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 05059643 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:Director3 2013-03-31 uk-gaap-cd-bus:Director4 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director4 2014-03-31 uk-gaap-cd-bus:Director4 2013-03-31 uk-gaap-cd-bus:Director5 2013-04-01 2014-03-31 uk-gaap-cd-bus:Director5 2014-03-31 uk-gaap-cd-bus:Director5 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 05059643

QUORN HOMES LIMITED

Abbreviated Accounts

31 March 2014

QUORN HOMES LIMITED Registered Number 05059643

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Current assets
Stocks		458,832	458,832
Debtors		210	1,137
Cash at bank and in hand		10,775	3,826
		469,817	463,795
Creditors: amounts falling due within one year		(5,890)	(5,486)
Net current assets (liabilities)		463,927	458,309
Total assets less current liabilities		463,927	458,309
Creditors: amounts falling due after more than one year		(377,265)	(387,265)
Total net assets (liabilities)		86,662	71,044
Capital and reserves
Called up share capital	2	1,000	1,000
Profit and loss account		85,662	70,044
Shareholders' funds		86,662	71,044

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 December 2014

And signed on their behalf by:
JOHN MORLEY, Director

QUORN HOMES LIMITED Registered Number 05059643

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company net of Value Added Tax and trade discounts.

Other accounting policies
Stocks
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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000

3Transactions with directors

Name of director receiving advance or credit:	Paul Beecroft
Description of the transaction:	Loan
Balance at 1 April 2013:	£ 45,136
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 March 2014:	£ 45,136

Name of director receiving advance or credit:	John Morley
Description of the transaction:	Loan
Balance at 1 April 2013:	£ 169,283
Advances or credits made:	-
Advances or credits repaid:	£ 5,000
Balance at 31 March 2014:	£ 164,283

Name of director receiving advance or credit:	Pauline Beecroft
Description of the transaction:	Loan
Balance at 1 April 2013:	£ 3,564
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 March 2014:	£ 3,564