Monsal Homes Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05448266 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

FOR

MONSAL HOMES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

B M Shaffer

REGISTERED OFFICE:

16 Bergham Mews

Blythe Road

London

W14 0HN

REGISTERED NUMBER:

05448266 (England and Wales)

ACCOUNTANTS:

CBHC LLP

Carlton House

101 New London Road

Chelmsford

Essex

CM2 0PP

CURRENT ASSETS

Stocks

6,348,159

5,655,354

Debtors

76,926

436,714

Cash at bank

100,294

615

6,525,379

6,092,683

CREDITORS

Amounts falling due within one year

6,270,950

6,152,593

NET CURRENT ASSETS/(LIABILITIES)

254,429

(59,910

)

TOTAL ASSETS LESS CURRENT LIABILITIES

254,429

(59,910

)

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

254,329

(60,010

)

SHAREHOLDERS' FUNDS

254,429

(59,910

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 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 director on 29 July 2015 and were signed by:

B M Shaffer - 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 net invoiced sales of goods, excluding value added tax.

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.

Deferred tax

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

the balance sheet date.

Going concern

These financial statements have been prepared on a going concern basis as, in the opinion of the

directors, the Company will continue to receive the support of its lenders for the foreseeable future.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary Shares

1

100

100

3.	ULTIMATE PARENT COMPANY

Gorylocks limited is regarded by the director as being the company's ultimate parent company.

4.	RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed £6,0,73,879 (2013 - £5,728,275) to Gorylocks Limited

which is the companies ultimate parent company.