Abbreviated Company Accounts - MANNA DEVELOPMENTS LIMITED

Abbreviated Company Accounts - MANNA DEVELOPMENTS LIMITED


Registered Number NI058146

MANNA DEVELOPMENTS LIMITED

Abbreviated Accounts

28 February 2016

MANNA DEVELOPMENTS LIMITED Registered Number NI058146

Abbreviated Balance Sheet as at 28 February 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 954,392 -
954,392 -
Current assets
Debtors 3 18,492 100
Cash at bank and in hand 17,432 -
35,924 100
Creditors: amounts falling due within one year 4 (1,036,958) -
Net current assets (liabilities) (1,001,034) 100
Total assets less current liabilities (46,642) 100
Total net assets (liabilities) (46,642) 100
Capital and reserves
Called up share capital 5 100 100
Profit and loss account (46,742) -
Shareholders' funds (46,642) 100
  • For the year ending 28 February 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 8 November 2016

And signed on their behalf by:
David Henderson, Director

MANNA DEVELOPMENTS LIMITED Registered Number NI058146

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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).

Turnover policy
Turnover represents net sales to customers and excludes Value Added Tax. Turnover is recognised upon delivery of the goods and services to the customer.

Tangible assets depreciation policy
Assets under the course of construction are held as fixed assets and not depreciated until such times they are brought into use.

Finance costs that are directly attributable to the construction of tangible fixed assets are capitalised as part of the cost of those assets.

2Tangible fixed assets
£
Cost
At 1 March 2015 -
Additions 954,392
Disposals -
Revaluations -
Transfers -
At 28 February 2016 954,392
Depreciation
At 1 March 2015 -
Charge for the year -
On disposals -
At 28 February 2016 -
Net book values
At 28 February 2016 954,392
At 28 February 2015 -
3Debtors
2016
£
2015
£
Debtors include the following amounts due after more than one year 18,492 100
4Creditors
2016
£
2015
£
Secured Debts 875,000 -
5Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100Ordinary shares of £1 each 100 100