Home Sweet Home (Nationwide) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06140674 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Home Sweet Home (Nationwide) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G P Hunt

N W Dearman

J Corcoran

REGISTERED OFFICE:

4 Riverview

Walnut Tree Close

Guildford

Surrey

GU1 4UX

REGISTERED NUMBER:

06140674 (England and Wales)

ACCOUNTANTS:

Bristow Burrell

4 Riverview

Walnut Tree Close

Guildford

Surrey

GU1 4UX

CURRENT ASSETS

Stocks

1,054,855

1,444,439

Debtors

24,941

24,941

Cash at bank and in hand

174,572

10,859

1,254,368

1,480,239

CREDITORS

Amounts falling due within one year

867,832

847,826

NET CURRENT ASSETS

386,536

632,413

TOTAL ASSETS LESS CURRENT LIABILITIES

386,536

632,413

CREDITORS

Amounts falling due after more than one year

2

718,640

1,008,570

NET LIABILITIES

(332,104

)

(376,157

)

CAPITAL AND RESERVES

Called up share capital

3

99

99

Profit and loss account

(332,203

)

(376,256

)

SHAREHOLDERS' FUNDS

(332,104

)

(376,157

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 28 October 2014 and were signed on its behalf by:

G P Hunt - Director

1.	ACCOUNTING POLICIES

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Stocks

Stocks are valued at the lower of cost and net realisable value, after

making due allowance for obsolete and slow moving items.

Going concern

The financial statements have been prepared on a going concern basis.

Although the liabilities of the company exceed the gross assets by

£317,371, liabilities include £698,201 of inter-company loans. The

shareholders of these companies have given representations that they will

continue to support the company for the foreseeable future.

2.

CREDITORS

Creditors include an amount of £ 718,640 (2013 - £ 1,008,570 ) for which

security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

£

Repayable otherwise than by instalments

718,640

1,008,570

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

99

Ordinary

£1

99

99