Abbreviated Company Accounts - LATNER 10 DEVELOPMENTS LTD

LATNER 10 DEVELOPMENTS LTD - Company Information

NI071128 LATNER 10 DEVELOPMENTS LTD 2016-03-31 false 2014-12-01 2016-03-31 true NI071128 2014-12-01 2016-03-31 NI071128 2016-03-31 NI071128 2014-11-30 NI071128 uk-gaap-cd-bus:Director1 2014-12-01 2016-03-31 NI071128 uk-gaap-cd-bus:Director2 2014-12-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number NI071128

LATNER 10 DEVELOPMENTS LTD

Abbreviated Accounts

31 March 2016

LATNER 10 DEVELOPMENTS LTD Registered Number NI071128

Abbreviated Balance Sheet as at 31 March 2016

	Notes	31/03/2016	30/11/2014
		£	£
Current assets
Stocks		2,388,193	-
Debtors		7,754	-
Cash at bank and in hand		8,200	2
		2,404,147	2
Creditors: amounts falling due within one year	2	(2,579,108)	-
Net current assets (liabilities)		(174,961)	2
Total assets less current liabilities		(174,961)	2
Total net assets (liabilities)		(174,961)	2
Capital and reserves
Called up share capital	3	30	2
Profit and loss account		(174,991)	-
Shareholders' funds		(174,961)	2

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 18 November 2016

And signed on their behalf by:
Ken Gilliland, Director

LATNER 10 DEVELOPMENTS LTD Registered Number NI071128

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
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).

Going concern

The company incurred a net loss of £174,991 during the year and, as of that date, the company had a net current liability position of £174,961. The company has only commenced trading during the year and at 31 March 2016 the company had built up housing stock of £2,388,193. There has been sales of stock subsequent to the year end, and on this basis, the Directors have prepared the accounts on the going concern basis.

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value. Cost comprises materials, direct wages and other direct production costs. Provision is made for slow moving and obsolete stocks.

2Creditors

	31/03/2016 £	30/11/2014 £
Secured Debts	1,850,000	0

3Called Up Share Capital
Allotted, called up and fully paid:

	31/03/2016 £	30/11/2014 £
30 Ordinary shares of £1 each (2 shares for 30/11/2014)	30	2

During the year 28 shares were issued at cash at par.