J.A. Pye (Oxford) Homes Limited - Abbreviated accounts

J.A. PYE (OXFORD) HOMES LIMITED - Company Information

J.A. PYE (OXFORD) HOMES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2016

































Company Registration Number: 01142242

J.A. PYE (OXFORD) HOMES LIMITED

ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the abbreviated financial statements									4 to 5

J.A. PYE (OXFORD) HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016


DIRECTORS

G A Flint
P E Rivers
J S Stubbings
D S Tallon


SECRETARY

A D Price


REGISTERED OFFICE

Langford Locks
Kidlington
Oxford
Oxfordshire
OX5 1HZ


COMPANY REGISTRATION NUMBER

01142242 England and Wales

J.A. PYE (OXFORD) HOMES LIMITED

BALANCE SHEET
AS AT 31 March 2016


	Notes	2016		2015
		£		£

FIXED ASSETS
Investments	2		5,000		1,155,000

CURRENT ASSETS
Stock		3		3
Debtors		625,029		447,891
Cash at bank and in hand		124,076		23,149


		749,108		471,043

CREDITORS: Amounts falling due		9,680		12,960
within one year


NET CURRENT ASSETS			739,428		458,083


TOTAL ASSETS LESS CURRENT LIABILITIES			744,428		1,613,083

CREDITORS: Amounts falling due			448,831		1,337,494
after more than one year


NET ASSETS			295,597		275,589



CAPITAL AND RESERVES
Called up share capital	3		500,000		500,000
Profit and loss account			(204,403)		(224,411)


SHAREHOLDER'S FUNDS			295,597		275,589



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).

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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.

Signed on behalf of the board of directors


G A Flint
Director

Date approved by the board: 16 December 2016

J.A. PYE (OXFORD) HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016


1	STATEMENT OF ACCOUNTING POLICIES

	Accounting convention

	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).

	Consolidation

	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.

	Investments

	Fixed asset investments are shown at cost less provision for permanent diminution in value.

	Financial instruments

	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.

	Deferred taxation

	Deferred taxation is the taxation attributable to timing differences between profits computed for taxation purposes and profits as stated in the financial statements and is fully provided for, except in circumstances where losses are deemed irrecoverable, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

	Foreign currencies

	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.

2	FIXED ASSET INVESTMENTS
					Investment in subsidiaries
						£
	Cost
	At 1 April 2015					1,155,000


	Reclassification to intercompany debtor					(1,150,000)


	At 31 March 2016					5,000



	Net book value
	At 1 April 2015					1,155,000


	At 31 March 2016					5,000


	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.

	Duofarm Limited
	Grabgrange Limited
	Grabride Limited
	Shadowcell Limited
	Slicksound Limited

	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.

3	SHARE CAPITAL
		Nominal value	Number	2016		2015
		£		£		£
	Allotted, called up and fully paid:
	Ordinary shares	1	500,000	500,000		500,000


4	PARENT COMPANY

	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.