Oxhey Developments Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03632053 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2015

for

Oxhey Developments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr M Shaw

Mr S Shaw

SECRETARY:

Mr S Shaw

REGISTERED OFFICE:

Rocks Barn Mudhurst Lane

Disley

Stockport

Cheshire

SK12 2AN

REGISTERED NUMBER:

03632053 (England and Wales)

CURRENT ASSETS

Stocks

750,000

750,000

Cash at bank

16,587

9,068

766,587

759,068

CREDITORS

Amounts falling due within one year

585,970

567,599

NET CURRENT ASSETS

180,617

191,469

TOTAL ASSETS LESS CURRENT LIABILITIES

180,617

191,469

CREDITORS

Amounts falling due after more than one year

2

319,055

330,017

NET LIABILITIES

(138,438

)

(138,548

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(138,440

)

(138,550

)

SHAREHOLDERS' FUNDS

(138,438

)

(138,548

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 6 June 2016 and were signed on its behalf by:

Mr M Shaw - 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 January 2015).

Going concern The accounts are prepared on a going concern basis as whilst development costs are in excess of

revenues, this situation is not expected to continue as development sites are completed and sold, during

subsequent periods.

Stocks/work in progress

Stock and work in progress is valued on a cost basis and related to the costs of development, to include cost of

sales items, wages of staff and loan interest directly attributable to development activities.

Deferred tax

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

balance sheet date except that a deferred tax asset is only recognised to the extent that it is regarded as

recoverable. Deferred tax is measured using the tax rate that is expected to apply in the periods in which the

timing differences are expected to reverse.

2.

CREDITORS

Creditors include an amount of £ 319,055 (30.9.14 - £ 330,017 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.9.15

30.9.14

£

£

Repayable by instalments

281,303

292,265

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

£

2

Ordinary

£1

2

2