Abbreviated Company Accounts - COUNTRY HOMES & ESTATES (NORTHERN) LIMITED

COUNTRY HOMES & ESTATES (NORTHERN) LIMITED - Company Information

05200471 COUNTRY HOMES & ESTATES (NORTHERN) LIMITED 2013-12-30 false 2013-01-01 2013-12-30 true 05200471 2013-01-01 2013-12-30 05200471 2013-12-30 05200471 2012-12-31 05200471 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-30 05200471 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-30 uk-gaap-cd-bus:Director3 2013-01-01 2013-12-30 uk-gaap-cd-bus:Director3 2013-12-30 uk-gaap-cd-bus:Director3 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 05200471

COUNTRY HOMES & ESTATES (NORTHERN) LIMITED

Abbreviated Accounts

30 December 2013

COUNTRY HOMES & ESTATES (NORTHERN) LIMITED Registered Number 05200471

Abbreviated Balance Sheet as at 30 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	529	707
Investments	3	375,020	375,020
		375,549	375,727
Current assets
Stocks		70,618	1,121,885
Debtors		852,521	59,682
		923,139	1,181,567
Creditors: amounts falling due within one year	4	(447,622)	(599,086)
Net current assets (liabilities)		475,517	582,481
Total assets less current liabilities		851,066	958,208
Creditors: amounts falling due after more than one year	4	0	(107,963)
Total net assets (liabilities)		851,066	850,245
Capital and reserves
Called up share capital	5	1,000	1,000
Profit and loss account		850,066	849,245
Shareholders' funds		851,066	850,245

For the year ending 30 December 2013 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 23 December 2014

And signed on their behalf by:
C. J. Carlisle, Director

COUNTRY HOMES & ESTATES (NORTHERN) LIMITED Registered Number 05200471

Notes to the Abbreviated Accounts for the period ended 30 December 2013

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.

The financial statements have been prepared on the going concern basis. The director considers that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's director and banker during this time.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 20% reducing balance

Other accounting policies
Fixed assets

All fixed assets are initially recorded at cost.

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

RELATED PARTY TRANSACTIONS

The company owns 50% of the issued share capital of Coastal Homes and Estates (Northern) Limited, the remaining 50% is owned by C.J. Carlisle, who is also a director of the company.

At 31st December 2013 Coastal Homes and Estates (Northern) Limited were owed £383,624 (2012 - £358,624) by Country Homes & Estates (Northern) Limited.

C.J. Carlisle was a director of Stone Homes (Hindley) Limited. This company has ceased to trade and has subsequently been dissolved. At 31st December 2012 the company had a loan of £7,123 outstanding from Stone Homes Hindley Limited which has been repaid.

Other than the above no transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard for Smaller Entities (effective April 2008).

ULTIMATE CONTROLLING PARTY

C.J. Carlisle is the ultimate controlling party of the company.

2Tangible fixed assets

	£
Cost
At 1 January 2013	2,900
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 December 2013	2,900
Depreciation
At 1 January 2013	2,193
Charge for the year	178
On disposals	-
At 30 December 2013	2,371
Net book values
At 30 December 2013	529
At 31 December 2012	707

3Fixed assets Investments
The company owns 50% of the issued share capital of Coastal Homes and Estates (Northern) Limited. This investment cost £375,020.

4Creditors

	2013 £	2012 £
Secured Debts	192	1,376
Instalment debts due after 5 years	0	107,963

5Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
1,000 Ordinary shares of £1 each	1,000	1,000

6Transactions with directors

Name of director receiving advance or credit:	C J Carlisle
Description of the transaction:	Interest free loan
Balance at 1 January 2013:	-
Advances or credits made:	£ 831,521
Advances or credits repaid:	-
Balance at 30 December 2013:	£ 831,521

This loan was fully repaid after the financial year end.