MAGNOLIA_PARK_WYCOMBE_LIM - Accounts

MAGNOLIA PARK WYCOMBE LIMITED - Company Information

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Financial Statements

Company Registration No. 09136212 (England and Wales)

MAGNOLIA PARK WYCOMBE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2015

Financial Statements

MAGNOLIA PARK WYCOMBE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

Financial Statements

MAGNOLIA PARK WYCOMBE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

4,845

Current assets

Debtors

21,053

Cash at bank and in hand

11,799

32,852

Creditors: amounts falling due within one year

(36,045)

Net current liabilities

(3,193)

Total assets less current liabilities

1,652

Provisions for liabilities

(242)

1,410

Capital and reserves

Called up share capital

100

Profit and loss account

1,310

Shareholders' funds

1,410

For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 11 August 2016

Mr J A Walters

Director

Company Registration No. 09136212

Financial Statements

MAGNOLIA PARK WYCOMBE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% reducing balance

Fixtures, fittings & equipment

20% reducing balance

Fixed assets

Tangible assets

Cost

At 1 August 2014

Additions

6,055

At 31 July 2015

6,055

Depreciation

At 1 August 2014

Charge for the year

1,210

At 31 July 2015

1,210

Net book value

At 31 July 2015

4,845

Share capital

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100