Redsky Homes Ltd - Abbreviated accounts

Registered number

09394874

Redsky Homes Ltd

Unaudited Abbreviated Accounts

31 January 2016

JS Gulati & Co

Chartered Accountants

Redsky Homes Ltd

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Redsky Homes Ltd for the period ended 31 January 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Redsky Homes Ltd for the period ended 31 January 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

JS Gulati & Co
Chartered Accountants

4 Peter James Business Centre
Pump Lane
Hayes
Middlesex
UB3 3NT

2 November 2016

Redsky Homes Ltd
Registered number:		09394874
Abbreviated Balance Sheet
as at 31 January 2016

Notes			2016
£
Current assets
Stocks		3,895,788
Debtors		192,895
Cash at bank and in hand		37,906
		4,126,589

Creditors: amounts falling due within one year		(433,477)

Net current assets			3,693,112

Total assets less current liabilities			3,693,112

Creditors: amounts falling due after more than one year			(3,743,099)



Net liabilities			(49,987)

Capital and reserves
Called up share capital	2		1,000
Profit and loss account			(50,987)

Shareholders' funds			(49,987)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Tejinder Singh
Director
Approved by the board on 2 November 2016

Redsky Homes Ltd						Registered number
Notes to the Abbreviated Accounts						09394874
for the period ended 31 January 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value of properties sold. The turnover is recognised on completion of the project when the unconditional exchange of contract takes place.

	Stocks
	Work in progress is valued at the lower of cost and net realisable value, taking into account the value of a property at the year end in its current state to ensure its realisable value is in excess of total build cost. Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Share capital	Nominal		2016		2016
value			Number		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1,000		1,000

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		1,000		1,000