J.A. PYE (OXFORD) HOMES LIMITED |
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BALANCE SHEET |
AS AT 31 March 2016 |
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Notes |
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2016 |
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2015 |
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£ |
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£ |
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FIXED ASSETS |
Investments |
2 |
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5,000 |
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1,155,000 |
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CURRENT ASSETS |
Stock |
3 |
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3 |
Debtors |
625,029 |
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447,891 |
Cash at bank and in hand |
124,076 |
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23,149 |
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749,108 |
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471,043 |
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CREDITORS: Amounts falling due |
9,680 |
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12,960 |
within one year |
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NET CURRENT ASSETS |
739,428 |
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458,083 |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
744,428 |
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1,613,083 |
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CREDITORS: Amounts falling due |
448,831 |
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1,337,494 |
after more than one year |
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NET ASSETS |
295,597 |
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275,589 |
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CAPITAL AND RESERVES |
Called up share capital |
3 |
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500,000 |
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500,000 |
Profit and loss account |
(204,403) |
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(224,411) |
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SHAREHOLDER'S FUNDS |
295,597 |
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275,589 |
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These abbreviated accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. |
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Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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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. |
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Signed on behalf of the board of directors |
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G A Flint |
Director |
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Date approved by the board: 16 December 2016 |
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J.A. PYE (OXFORD) HOMES LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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1 |
STATEMENT OF ACCOUNTING POLICIES |
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Accounting convention |
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The accounts have been prepared under the historical cost convention and are based on accounts prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Consolidation |
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The company was, at the end of the year, a wholly-owned subsidiary of another company incorporated in the EEA and in accordance with Section 400 of the Companies Act 2006, is not required to produce, and has not published, consolidated accounts. |
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Investments |
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Fixed asset investments are shown at cost less provision for permanent diminution in value. |
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Financial instruments |
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Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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. |
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Deferred taxation |
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Foreign currencies |
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Transactions in foreign currencies are translated at the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the rate of exchange prevailing at that date. Exchange differences are taken into account in arriving at the operating profit or loss. |
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2 |
FIXED ASSET INVESTMENTS |
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Investment in subsidiaries |
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£ |
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Cost |
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At 1 April 2015 |
1,155,000 |
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Reclassification to intercompany debtor |
(1,150,000) |
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At 31 March 2016 |
5,000 |
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Net book value |
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At 1 April 2015 |
1,155,000 |
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At 31 March 2016 |
5,000 |
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The following are wholly owned subsidiary undertakings of the company, all of which are dormant. Each of these companies have authorised and alloted share capital comprising of 1,000 ordinary shares of £1 each. All subsidiary undertakings are registered in England and Wales. |
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Duofarm Limited |
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Grabgrange Limited |
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Grabride Limited |
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Shadowcell Limited |
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Slicksound Limited |
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The reclassfication of £1,150,000 relates to amounts owed from J.A. Pye (Ontario) Limited, a fellow subsidiary of J.A. Pye (Oxford) Holdings Limited. Previously the directors had deemed this amount to be an investment, but a proportion of the amounts due were received in the year and the directors have now deemed the outstanding balance to be treated within debtors. |
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3 |
SHARE CAPITAL |
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Nominal value |
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Number |
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2016 |
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2015 |
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£ |
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£ |
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£ |
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Allotted, called up and fully paid: |
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Ordinary shares |
1 |
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500,000 |
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500,000 |
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500,000 |
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4 |
PARENT COMPANY |
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The company is a subsidiary undertaking of J.A. Pye (Oxford) Holdings Limited, due to its 100% holding of the Company's share capital. The parent company of J.A. Pye (Oxford) Holdings Limited is G Pye Holdings Limited. |