Grange Manor Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08420634 (England and Wales)

Grange Manor Developments Limited

Financial Statements

for the Year Ended 31 May 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J V Munnelly

REGISTERED OFFICE:

Unit 1 Linfit Court

Colliers Way

Clayton West

Huddersfield

West Yorkshire

HD8 9WL

REGISTERED NUMBER:

08420634 (England and Wales)

ACCOUNTANTS:

Jolliffe Cork LLP

Chartered Accountants

33 George Street

Wakefield

West Yorkshire

WF1 1LX

CURRENT ASSETS

Stocks

67,448

202,688

Debtors

3

533

63

Cash at bank

-

881

67,981

203,632

CREDITORS

Amounts falling due within one year

4

95,265

225,594

NET CURRENT LIABILITIES

(27,284

)

(21,962

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(27,284

)

(21,962

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

(27,384

)

(22,062

)

SHAREHOLDERS' FUNDS

(27,284

)

(21,962

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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.

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 7 November 2018 and were signed by:

Mr J V Munnelly - Director

1.	STATUTORY INFORMATION

Grange Manor 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.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has

been rounded to the nearest (£), unless otherwise stated.

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.

Going concern

The directors are of the opinion that the company continues to be a going concern and have therefore adopted that basis in

the preparation of the financial statements.

Turnover

Turnover represents net invoiced sale of goods derived from ordinary activities, and stated after discounts, other sales taxes

and net of value added tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the

year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going

services is recognised by reference to the stage of completion.

Stocks

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.

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.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

VAT

533

63

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

65,315

152,000

Trade creditors

2,273

1,446

Amounts owed to related undertakings

26,907

22,107

Other creditors

-

250

Directors' current accounts

-

49,021

Accruals and deferred income

770

770

95,265

225,594

5.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

65,000

152,000

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary shares

£1

100

100

7.	RELATED PARTY DISCLOSURES