Haywood Developments Limited,Ltd - Accounts

Haywood Developments Limited,Ltd - Accounts

HAYWOOD DEVELOPMENTS LTD - Company Information

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2014-01-01 true false Private Limited Company 04269356 2014-12-31 04269356 2014-01-01 2014-12-31 04269356 2013-12-31 04269356 2013-01-01 2013-12-31 04269356 uk-bus:Director1 2014-01-01 2014-12-31 04269356 uk-gaap:AfterOneYear 2014-12-31 04269356 uk-gaap:AfterOneYear 2013-12-31 04269356 uk-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP
Haywood Developments Limited
For the year ended 31 December 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04269356
2
Contents Page
Haywood Developments Limited
For the year ended 31 December 2014
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Haywood Developments Limited
As at 31 December 2014
04269356
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
229,034
229,034
229,034
229,034
Current assets
Debtors
53,916
28,608
Cash at bank and in hand
10,840
-
39,448
53,916
Creditors: amounts falling due within one year
(148,770)
(189,785)
(94,854)
(150,337)
Net current liabilities
Total assets less current liabilities
78,697
134,180
Creditors: amounts falling due after more than one year
3
(234,366)
(211,500)
(132,803)
Net liabilities
(100,186)
Capital and reserves
Called up share capital
200
4
200
Profit and loss account
(133,003)
(100,386)
(132,803)
(100,186)
Shareholders funds
For the year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 05 January 2014
Michael Robert Haywood Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Haywood Developments Limited
For the year ended 31 December 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
229,233
At 01 January 2014
At 31 December 2014
229,233
Depreciation
199
At 01 January 2014
199
At 31 December 2014
Net book values
At 31 December 2014
229,034
229,034
At 31 December 2013
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5
Notes to the Abbreviated Financial Statements
Haywood Developments Limited
For the year ended 31 December 2014
2013
2014
3 Creditors due after more than one year
£
£
211,500
157,500
Bank loans and overdrafts (secured)
4 Share capital
Allotted called up and fully paid
2014
2013
£
£
200 £1 Ordinary shares of £1.00 each
200
200
200
200
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