Queensgate Homes Limited
Queensgate Homes Limited
Registered number: 760869
Unaudited Financial Statements
For The Year Ended 30 June 2017
Queensgate Homes Limited
Unaudited Financial Statements
For The Year Ended 30 June 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Queensgate Homes Limited
Balance Sheet
As at
30 June 2017
Balance Sheet
Registered number:
760869
For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2017 | 2016 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Stocks | 3 |
|
|
||
| Debtors | 4 |
|
|
||
| Investments | 5 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 6 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
|
|
||
| Profit and Loss Account |
|
|
|||
| SHAREHOLDERS' FUNDS | 393,286 | 380,654 | |||
Page 1
Queensgate Homes Limited
Balance Sheet (continued)
As at
30 June 2017
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his 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 section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
|
|
|
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Queensgate Homes Limited
Notes to the Unaudited Accounts
For The Year Ended 30 June 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 represents sales of properties where contracts have been exchanged and the relevant buildings are substantially complete, completed sales of land, plus amounts invoiced or received in the year for work done. Turnover is stated net of Value Added Tax. Gross profit is taken on the turnover defined above.
1.3.
Stocks and Work in Progress
Stocks, which comprise land held for development, and work in progress are valued at the lower of direct cost and net realisable value. Where applicable net realisable value is estimated by the directors as the price at which the asset could be sold on the open market for existing use less the related costs of marketing and selling. In respect of work in progress direct cost includes land, materials and other development costs but excludes central overheads and interest.
3.
Stocks
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Stock - materials |
|
|
|
| Stock - work in progress |
|
|
|
|
|
|
||
4.
Debtors
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| VAT |
|
|
|
|
|
|
||
5.
Current Asset Investments
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Shares in subsidiaries |
|
|
|
|
|
|
||
Page 3
Queensgate Homes Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 30 June 2017
6.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Corporation tax |
|
|
|
| Other taxes and social security |
|
- | |
| Accruals and deferred income |
|
|
|
| Amounts owed to group undertakings |
|
|
|
|
|
|
||
7.
Share Capital
| Value | Number | 2017 | 2016 | ||
|---|---|---|---|---|---|
| Allotted, called up and fully paid | £ | £ | £ | ||
|
|
|
|
100,000 | 100,000 | |
8.
General Information
Queensgate Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 760869 . The registered office is The Coppice Winter Hill, Cookham, Maidenhead, Berks, SL6 9TN.
Page 4