Bricrest Homes Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03547279 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30th April 2015

for

Bricrest Homes Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs E Taaffe

SECRETARY:

WM Business Services Limited

REGISTERED OFFICE:

3 College Yard

Lower Dagnall Street

St Albans

Hertfordshire

AL3 4PA

REGISTERED NUMBER:

03547279 (England and Wales)

ACCOUNTANTS:

Wilton Mutlow & Co Limited

Accountants and Tax Advisors

3 College Yard

Lower Dagnall Street

St Albans

Hertfordshire

AL3 4PA

FIXED ASSETS

Tangible assets

2

6,651

7,869

CURRENT ASSETS

Stocks

483,430

348,743

Debtors

12,862

5,522

Cash at bank

17,390

6,948

513,682

361,213

CREDITORS

Amounts falling due within one year

3

215,786

86,908

NET CURRENT ASSETS

297,896

274,305

TOTAL ASSETS LESS CURRENT LIABILITIES

304,547

282,174

CREDITORS

Amounts falling due after more than one year

3

(262,208

)

(232,300

)

PROVISIONS FOR LIABILITIES

(1,320

)

(1,561

)

NET ASSETS

41,019

48,313

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

41,017

48,311

SHAREHOLDERS' FUNDS

41,019

48,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 19th January 2016 and were signed by:

Mrs E M Taaffe - 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 rents received from property and fees received in respect of land transactions.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value. Cost includes all direct costs

incurred in bringing the stocks and work in progress to their present location and condition.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2014

22,698

Additions

998

At 30th April 2015

23,696

DEPRECIATION

At 1st May 2014

14,829

Charge for year

2,216

At 30th April 2015

17,045

NET BOOK VALUE

At 30th April 2015

6,651

At 30th April 2014

7,869

3.

CREDITORS

Creditors include an amount of £ 276,708 (2014 - £ 232,300 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2