Whipsnade Park Homes Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00766836

WHIPSNADE PARK HOMES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST AUGUST 2014

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

87,951

92,364

CURRENT ASSETS

Stocks

86,992

213,999

Debtors

998

2,475

Cash at bank

547,595

50,537

635,585

267,011

CREDITORS

Amounts falling due within one year

136,380

42,475

NET CURRENT ASSETS

499,205

224,536

TOTAL ASSETS LESS CURRENT LIABILITIES

587,156

316,900

PROVISIONS FOR LIABILITIES

819

532

NET ASSETS

586,337

316,368

CAPITAL AND RESERVES

Called up share capital

3

10,000

10,000

Profit and loss account

576,337

306,368

SHAREHOLDERS' FUNDS

586,337

316,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 13th January 2015 and were signed on its behalf by:

Mrs G B Ponsford - Director

1.	ACCOUNTING POLICIES

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).

Turnover

Turnover represents amounts invoiced during the year.

Tangible fixed assets

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

Office building

-

10% on cost

Plant and machinery

-

at variable rates on reducing balance

Site installations

-

10% on reducing balance

Freehold land has not been depreciated.

All fixed assets are initially recorded at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2013

157,280

Additions

2,063

At 31st August 2014

159,343

DEPRECIATION

At 1st September 2013

64,916

Charge for year

6,476

At 31st August 2014

71,392

NET BOOK VALUE

At 31st August 2014

87,951

At 31st August 2013

92,364

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10,000

Ordinary

£1

10,000

10,000