Lyne Hill Developments Limited - Accounts to registrar (filleted) - small 18.1

Lyne Hill Developments Limited - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 05478571 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

LYNE HILL DEVELOPMENTS LIMITED

LYNE HILL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05478571)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


LYNE HILL DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2017







DIRECTOR: D Debuse





REGISTERED OFFICE: 19 Station Road
Addlestone
Surrey
KT15 2AL





REGISTERED NUMBER: 05478571 (England and Wales)





ACCOUNTANTS: John A Hyde & Co
Hyde House
19 Station Road
Addlestone
Surrey
KT15 2AL

LYNE HILL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05478571)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2017

30.9.17 30.9.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,327 4,992

CURRENT ASSETS
Stocks 562,146 94,474
Debtors 34,111 8,972
Cash at bank - 2,705
596,257 106,151
CREDITORS
Amounts falling due within one year 550,576 31,034
NET CURRENT ASSETS 45,681 75,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,008

80,109

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 57,908 80,009
SHAREHOLDERS' FUNDS 58,008 80,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 June 2018 and were signed by:




D Debuse - Director


LYNE HILL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05478571)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017

1. STATUTORY INFORMATION

Lyne Hill Developments 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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.

LYNE HILL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05478571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2016 24,540
Additions 11,445
At 30 September 2017 35,985
DEPRECIATION
At 1 October 2016 19,548
Charge for year 4,110
At 30 September 2017 23,658
NET BOOK VALUE
At 30 September 2017 12,327
At 30 September 2016 4,992

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 September 2017 and the
period ended 30 September 2016:

30.9.17 30.9.16
£    £   
D Debuse
Balance outstanding at start of year 3,212 513,287
Amounts advanced 504,690 129,500
Amounts repaid (8,116 ) (639,575 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 499,786 3,212