Deanhall Real Estate Limited - Period Ending 2016-03-31

Registration number: 00546305

Deanhall Real Estate Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Hallidays
Chartered Accountants
Riverside House
Kings Reach Business Park
Yew Street
Stockport
SK4 2HD

Deanhall Real Estate Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Deanhall Real Estate Limited
(Registration number: 00546305)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					11,237			13,074
Current assets
Stocks					569,565			569,565
Debtors					1,290			2,660
Cash at bank and in hand					3,577			3,219
					574,432			575,444
Creditors: Amounts falling due within one year					(248,626)			(210,683)
Net current assets					325,806			364,761
Total assets less current liabilities					337,043			377,835
Creditors: Amounts falling due after more than one year					(104,049)			(112,520)
Provisions for liabilities					(2,200)			(2,600)
Net assets					230,794			262,715
Capital and reserves
Called up share capital		4			34,500			34,500
Share premium account					187,323			187,323
Profit and loss account					8,971			40,892
Shareholders' funds					230,794			262,715

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Deanhall Real Estate Limited
(Registration number: 00546305)
Abbreviated Balance Sheet at 31 March 2016
......... continued

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 13 September 2016 and signed on its behalf by:

.........................................
Mr D D Hall
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Deanhall Real Estate Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Fixtures and fittings	15% reducing balance
Computer equipment	20% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Deanhall Real Estate Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		41,752			41,752
Additions		399			399
At 31 March 2016		42,151			42,151
Depreciation
At 1 April 2015		28,678			28,678
Charge for the year		2,236			2,236
At 31 March 2016		30,914			30,914
Net book value
At 31 March 2016		11,237			11,237
At 31 March 2015		13,074			13,074

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		8,335			8,674
Amounts falling due after more than one year		104,049			112,520
Total secured creditors		112,384			121,194

Included in the creditors are the following amounts due after more than five years:

		2016 £			2015 £
After more than five years by instalments		54,254			64,384

Page 4

Deanhall Real Estate Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		30,000			30,000			30,000			30,000
'A' Ordinary of £1 each		4,500			4,500			4,500			4,500
		34,500			34,500			34,500			34,500

Page 5