Broadacre Park Limited - Limited company - abbreviated - 11.6

Broadacre Park Limited - Limited company - abbreviated - 11.6

BROADACRE PARK LTD - Company Information

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REGISTERED NUMBER: 06498503 (England and Wales)



















Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Broadacre Park Limited

Broadacre Park Limited (Registered number: 06498503)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Broadacre Park Limited

Company Information
for the Year Ended 31 March 2014







DIRECTORS: K S Williams
M Coles
J S Williams





SECRETARY: K S Williams





REGISTERED OFFICE: 30 Sea Road
Carlyon Bay
St Austell
Cornwall
PL25 3SF





REGISTERED NUMBER: 06498503 (England and Wales)





ACCOUNTANTS: Prydis Accounts Limited
Chartered Accountants
The Parade
Liskeard
Cornwall
PL14 6AF
Page 1
Broadacre Park Limited (Registered number: 06498503)

Abbreviated Balance Sheet
31 March 2014

31.3.14 31.3.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,553 1,958

CURRENT ASSETS
Stocks 945,303 897,608
Debtors 132 363
Cash at bank and in hand 214 11,583
945,649 909,554
CREDITORS
Amounts falling due within one year 882,662 847,469
NET CURRENT ASSETS 62,987 62,085
TOTAL ASSETS LESS CURRENT
LIABILITIES
64,540
64,043

PROVISIONS FOR LIABILITIES 311 392
NET ASSETS 64,229 63,651

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 64,129 63,551
SHAREHOLDERS' FUNDS 64,229 63,651

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 20 November 2014 and were signed on its behalf
by:





K S Williams - Director


The notes form part of these abbreviated accounts

Page 2
Broadacre Park Limited (Registered number: 06498503)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2014

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The directors have assessed going concern and consider that there are no material uncertainties which may cast
significant doubt about the company's ability to continue. As a result, the financial statements have been
prepared using the going concern basis of accounting.

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).

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads, together with
the annual recognition of any perceived uplift in value.

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

Turnover
Turnover is recognised at the point of sale of the properties developed by the company. The costs incurred are
carried forward within long term contracts.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 4,821
DEPRECIATION
At 1 April 2013 2,863
Charge for year 405
At 31 March 2014 3,268
NET BOOK VALUE
At 31 March 2014 1,553
At 31 March 2013 1,958

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.14 31.3.13
value: £    £   
100 Ordinary £1 100 100

4. ULTIMATE CONTROLLING PARTY

The company is under the control of the three directors, with shares held in the following proportions :-

M.Coles 50%
K.S.Williams 30%
J.S.Williams 20%

Page 3 continued...
Broadacre Park Limited (Registered number: 06498503)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2014

5. LOANS WITH RELATED COMPANIES

During the year, the company made and received loans from companies in which the directors have a material
interest. All such loans were on an interest free basis.

As at the year end, the balance owed by Broadacre Park Ltd to Inny Vale Limited was £876,848.

Page 4