Land Development & Estates Limited - Limited company - abbreviated - 11.6
Land Development & Estates Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31ST MARCH 2014 |
| FOR |
| LAND DEVELOPMENT & ESTATES LIMITED |
| LAND DEVELOPMENT & ESTATES LIMITED (REGISTERED NUMBER: 05378368) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST MARCH 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| LAND DEVELOPMENT & ESTATES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MARCH 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Certified Accountants |
| BANKERS: |
| LAND DEVELOPMENT & ESTATES LIMITED (REGISTERED NUMBER: 05378368) |
| ABBREVIATED BALANCE SHEET |
| 31ST MARCH 2014 |
| 2014 | 2013 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Work in progress |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 2 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on behalf by: |
| LAND DEVELOPMENT & ESTATES LIMITED (REGISTERED NUMBER: 05378368) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST MARCH 2014 |
| 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). |
| Going Concern |
| The directors believe that there are no material uncertainties related to events or conditions that may cast |
| significant doubt on the ability of the company to continue as a going concern and therefore the going concern |
| basis remains appropriate in the preparation of the financial statements. |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
| small company. |
| Turnover |
| Turnover represents sales of property options, excluding value added tax. Turnover from the sale of options is |
| only recognised when the amounts to be recognised are fixed or determinable and collectibility is reasonably |
| assured. |
| Work in progress |
| Long term contracts are assessed on a contract by contract basis, and are reflected in the profit and loss account |
| by recording turnover and related costs as contract activity progress. |
| Turnover is calculated as being that proportion of the contract price attributable to the stage of completion |
| reached. Where it is considered that the outcome of a long term contract can be assessed with reasonable |
| certainty before its conclusion then a prudently calculated profit is recognised. This profit is calculated as that |
| proportion of total profit attributable to the stage reached less a provision, if appropriate, for uncertainty of |
| outcome. Related costs recognised in the profit and loss account represent the difference between reported |
| turnover and reported profit. Foreseeable losses are recognised in the period in which they become apparent. |
| Group borrowing |
| Interest is not payable on any borrowings within the group. |
| Taxation |
| The companies in the group receive or surrender their losses within the group. Group members do not pay for |
| losses surrendered or received. |
| 2. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| 3. | ULTIMATE PARENT COMPANY |