Homeco Internet Property Ltd. - Abbreviated accounts 16.3

REGISTERED NUMBER: 03982774 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

HOMECO INTERNET PROPERTY LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B T Horton

D S Shephard

REGISTERED OFFICE:

2 Mill Road

Haverhill

Suffolk

CB9 8BD

REGISTERED NUMBER:

03982774 (England and Wales)

ACCOUNTANTS:

Hackett Griffey LLP

Chartered Certified Accountants

2 Mill Road

Haverhill

Suffolk

CB9 8BD

FIXED ASSETS

Tangible assets

2

221

295

CURRENT ASSETS

Debtors

80,514

73,431

Cash at bank

46,472

43,016

126,986

116,447

CREDITORS

Amounts falling due within one year

114,445

71,306

NET CURRENT ASSETS

12,541

45,141

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,762

45,436

PROVISIONS FOR LIABILITIES

44

59

NET ASSETS

12,718

45,377

CAPITAL AND RESERVES

Called up share capital

3

20

Profit and loss account

12,698

45,357

SHAREHOLDERS' FUNDS

12,718

45,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 December 2016 and were signed on its behalf
by:

B T Horton - Director

D S Shephard - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of

VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

702

DEPRECIATION

At 1 April 2015

407

Charge for year

74

At 31 March 2016

481

NET BOOK VALUE

At 31 March 2016

221

At 31 March 2015

295

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2,000

Ordinary

£0.01

20