Abbreviated Company Accounts - FOREMARK ESTATES LIMITED

Abbreviated Company Accounts - FOREMARK ESTATES LIMITED

FOREMARK ESTATES LIMITED - Company Information

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Registered Number 04984796

FOREMARK ESTATES LIMITED

Abbreviated Accounts

31 March 2014

FOREMARK ESTATES LIMITED Registered Number 04984796

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 - -
Investments 3 100 100
100 100
Current assets
Stocks 1,450,205 3,450,764
Debtors 1,392,296 3,086,760
Cash at bank and in hand 1,312,144 101,780
4,154,645 6,639,304
Prepayments and accrued income 18,037 -
Creditors: amounts falling due within one year 4 (136,862) (1,118,795)
Net current assets (liabilities) 4,035,820 5,520,509
Total assets less current liabilities 4,035,920 5,520,609
Creditors: amounts falling due after more than one year 4 (3,329,188) (5,039,989)
Accruals and deferred income (31,250) (73,854)
Total net assets (liabilities) 675,482 406,766
Capital and reserves
Called up share capital 5 1,000 1,000
Profit and loss account 674,482 405,766
Shareholders' funds 675,482 406,766
  • 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 19 December 2014

And signed on their behalf by:
Edward Slater, Director

FOREMARK ESTATES LIMITED Registered Number 04984796

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 represents the invoiced value of properties supplied by the company, net of value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost of valuation, net of depreciation and any provisions for impairment. Depreciation is provided to write off the cost, less estimated residual values, of all assets evenly over their expected useful lives and is calculated at the following rates:
Fixtures and fittings – 33 1/3% straight line
Office equipment - 33 1/3% straight line
Computer equipment - 33 1/3% straight line

Valuation information and policy
Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value.

Fixed asset investments
Investments are stated at cost less any provision for any impairment in value.

2Tangible fixed assets
£
Cost
At 1 April 2013 2,538
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 2,538
Depreciation
At 1 April 2013 2,538
Charge for the year -
On disposals -
At 31 March 2014 2,538
Net book values
At 31 March 2014 0
At 31 March 2013 0

3Fixed assets Investments
The company’s investments at the balance sheet date in the share capital of companies include the following:

Foremark Estates (Tonbridge) Limited
Country of incorporation: England
Nature of business: Property development

Class of shares: Ordinary £1 shares
% Shareholding: 100%

Aggregate capital and reserves for the year ended 31 March 2014 were (£176,835) (2013: (£57,174) and the loss for the year was £119,661 (2013: £57,175).

4Creditors
2014
£		 2013
£
Secured Debts 492,362 1,588,817
5Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
1,000 Ordinary shares of £1 each 1,000 1,000