Camphill Development Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08965995 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2016

for

CAMPHILL DEVELOPMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Accountants' Report

4

DIRECTORS:

D D M Fox

Mrs A F Fox

SECRETARY:

Mrs A F Fox

REGISTERED OFFICE:

Camphill

Copley Lane

Butterknowle

Bishop Auckland

Co. Durham

DL13 5LP

REGISTERED NUMBER:

08965995 (England and Wales)

ACCOUNTANTS:

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

CURRENT ASSETS

Stocks

30,829

30,000

Debtors

120

-

Cash in hand

100

31,049

30,100

CREDITORS

Amounts falling due within one year

32,226

30,819

NET CURRENT LIABILITIES

(1,177

)

(719

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,177

)

(719

)

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

(1,277

)

(819

)

SHAREHOLDERS' FUNDS

(1,177

)

(719

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 14th December 2016 and were signed on its behalf
by:

D D M Fox - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared under the going concern basis of accounting. At the balance sheet date the

company's liabilities exceeded its assets by £1,177. Included within liabilities is an amount of £31,793 owed to

the Directors of the company. The Directors have confirmed that repayment of the loan will not be sought if it

proved prejudicial to the company.

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).

Stocks

Land held for development is valued at the lower of cost and net realisable value.

Deferred tax

Deferred tax is provided on the liability method to take account of timing differences between the treatment of

certain items for accounts purposes and their treatment for tax purposes. Tax deferred is accounted for in respect

of all material timing difference. The company has not adopted a policy of discounting deferred tax assets and

liabilities.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

100

Ordinary

£1

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Camphill Development Limited for the year ended 31st March 2016 which comprise the Profit

and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Camphill Development Limited, as a body, in accordance with the terms of our engagement letter dated 6th October 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Camphill Development Limited and state those matters that we have agreed to state to the Board of Directors of Camphill Development Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Camphill Development Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Camphill Development Limited. You consider that Camphill Development Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Camphill Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

14th December 2016