Eastwoode Homes Limited - Accounts to registrar (filleted) - small 18.1

Eastwoode Homes Limited - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 03906194 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017

FOR

EASTWOODE HOMES LIMITED

EASTWOODE HOMES LIMITED (REGISTERED NUMBER: 03906194)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EASTWOODE HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2017







DIRECTOR: Mrs S Sheth





SECRETARY: Mr N Sheth





REGISTERED OFFICE: 7 St John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 03906194 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

EASTWOODE HOMES LIMITED (REGISTERED NUMBER: 03906194)

BALANCE SHEET
31 AUGUST 2017

2017 2016
Notes £    £   
CURRENT ASSETS
Stocks 227,517 227,517
Debtors 4 80,000 80,000
Cash at bank 53,891 44,767
361,408 352,284
CREDITORS
Amounts falling due within one year 5 12,226 12,277
NET CURRENT ASSETS 349,182 340,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,182

340,007

CREDITORS
Amounts falling due after more than one
year

6

172,086

172,309
NET ASSETS 177,096 167,698

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 176,996 167,598
SHAREHOLDERS' FUNDS 177,096 167,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 May 2018 and were signed by:




Mrs S Sheth - Director


EASTWOODE HOMES LIMITED (REGISTERED NUMBER: 03906194)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017

1. STATUTORY INFORMATION

Eastwoode Homes Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 August 2017 are the first that are prepared in accordance with
FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of
transition to FRS 102 Section 1A is 1 September 2015.

Stocks
Stock is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 80,000 80,000

EASTWOODE HOMES LIMITED (REGISTERED NUMBER: 03906194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2017

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Tax 3,962 3,984
Directors' current accounts 5,144 387
Accrued expenses 3,120 7,906
12,226 12,277

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loan 172,086 172,309

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 172,086 172,309

7. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 172,086 172,309

The bank loan is secured by way of fixed and floating charges over the property and assets of the company.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr N Sheth by virtue of holding 100% of the issued share capital of the company.