Claines Homes Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07218838 (England and Wales)

Claines Homes Limited

Abbreviated Unaudited Accounts for the Year Ended 30th April 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D A Williams

J J Williams

SECRETARY:

R D Handley

REGISTERED OFFICE:

Hitchens Onsett

Scaleby

Carlisle

Cumbria

CA6 4JX

REGISTERED NUMBER:

07218838 (England and Wales)

ACCOUNTANTS:

Sheen Stickland LLP

Chartered Accountants

4 High Street

Alton

Hampshire

GU34 1BU

CURRENT ASSETS

Stocks

-

1,320,223

Debtors

66,415

18,431

Cash at bank and in hand

354

11,657

66,769

1,350,311

CREDITORS

Amounts falling due within one year

86,434

1,464,596

NET CURRENT LIABILITIES

(19,665

)

(114,285

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(19,665

)

(114,285

)

CREDITORS

Amounts falling due after more than one year

-

2,038

NET LIABILITIES

(19,665

)

(116,323

)

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

(19,765

)

(116,423

)

SHAREHOLDERS' FUNDS

(19,665

)

(116,323

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 12th January 2015 and were signed on its behalf by:

D A Williams - 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).

The directors consider that despite the net liabilities shown in the balance sheet that the company

will have sufficient funds to continue as a going concern for the foreseeable future.

Turnover

Turnover represents net invoiced goods/services, excluding value added tax.

Stock of finished properties

Stocks of finished properties are valued at the lower of cost and net realisable value.

Finance costs incurred to undertake the building project, up to the date construction is deemed to

be complete, have been capitalised and included in stock of finished properties.

2.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary share capital

£1

100

100