Taylands Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07783916 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

TAYLANDS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B P Taylor

A J Taylor

REGISTERED OFFICE:

14 Cottesbrooke Park

Heartlands

Daventry

Northamptonshire

NN11 8YL

REGISTERED NUMBER:

07783916 (England and Wales)

ACCOUNTANTS:

DNG Dove Naish

Chartered Accountants

14 Cottesbrooke Park

Heartlands

Daventry

Northamptonshire

NN11 8YL

FIXED ASSETS

Investment property

2

138,863

-

CURRENT ASSETS

Debtors

-

100

Cash at bank

1,627

-

1,627

100

CREDITORS

Amounts falling due within one year

3

51,121

-

NET CURRENT (LIABILITIES)/ASSETS

(49,494

)

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

89,369

100

CREDITORS

Amounts falling due after more than one
year

3

86,097

-

NET ASSETS

3,272

100

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

3,172

-

SHAREHOLDERS' FUNDS

3,272

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 9 July 2016 and were signed on its
behalf by:

B P Taylor - 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).

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the

treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or

accelerated is accounted for in respect of all material timing differences.

2.	INVESTMENT PROPERTY

Total

£

COST

Additions

138,863

At 31 March 2016

138,863

NET BOOK VALUE

At 31 March 2016

138,863

3.

CREDITORS

Creditors include an amount of £ 89,351 for which security has been given.

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

2016

2015

£

Repayable by instalments

71,725

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1.00

100

5.	TRANSACTIONS WITH DIRECTORS

Other creditors include a loan from the directors, Mr & Mrs Taylor, amounting to £43,900 (2015: £nil).

The loan is unsecured and without fixed terms of repayment. Interest has been charged on the loan at

a rate of 6%.