The Third Party Development Corporation - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04837034 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

FOR

THE THIRD PARTY DEVELOPMENT CORPORATION

LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr S C Jenkins

SECRETARY:

Mrs J Jenkins

REGISTERED OFFICE:

13-14 Gelliwastad Road

Pontypridd

RCT

CF37 2BW

REGISTERED NUMBER:

04837034 (England and Wales)

ACCOUNTANTS:

Sullivans Chartered Accountants

13-14 Gelliwastad Road

Pontypridd

Rhondda Cynon Taf

CF37 2BW

FIXED ASSETS

Tangible assets

2

-

1,696

CURRENT ASSETS

Stocks

1,368,615

1,368,615

Debtors

-

6,563

Cash at bank

4,495

73

1,373,110

1,375,251

CREDITORS

Amounts falling due within one year

3

286,106

237,983

NET CURRENT ASSETS

1,087,004

1,137,268

TOTAL ASSETS LESS CURRENT LIABILITIES

1,087,004

1,138,964

CREDITORS

Amounts falling due after more than one year

3

(1,066,502

)

(1,158,974

)

PROVISIONS FOR LIABILITIES

-

(197

)

NET ASSETS/(LIABILITIES)

20,502

(20,207

)

CAPITAL AND RESERVES

Called up share capital

4

1,875

1,875

Profit and loss account

18,627

(22,082

)

SHAREHOLDERS' FUNDS

20,502

(20,207

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 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 17 March 2016 and were signed by:

Mr S C Jenkins - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern

have been identified by the directors.

Therefore the financial statements have been prepared on a going concern basis.

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.

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

-

15% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

5,426

Disposals

(5,426

)

At 31 July 2015

-

DEPRECIATION

At 1 August 2014

3,730

Charge for year

255

Eliminated on disposal

(3,985

)

At 31 July 2015

-

NET BOOK VALUE

At 31 July 2015

-

At 31 July 2014

1,696

3.

CREDITORS

Creditors include an amount of £ 940,622 (31/7/14 - £ 1,051,295 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/15

31/7/14

value:

£

£

1,500

Ordinary

1

1,500

1,500

375

Non-Voting Preference Shares

1

375

375

1,875

1,875