Abbreviated Company Accounts - LAKEDALE DEVELOPMENTS LIMITED

LAKEDALE DEVELOPMENTS LIMITED - Company Information

04108814 LAKEDALE DEVELOPMENTS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04108814 2015-04-01 2016-03-31 04108814 2016-03-31 04108814 2015-03-31 04108814 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04108814 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04108814

LAKEDALE DEVELOPMENTS LIMITED

Abbreviated Accounts

31 March 2016

LAKEDALE DEVELOPMENTS LIMITED Registered Number 04108814

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,941	2,941
		2,941	2,941
Current assets
Stocks		3,706,892	2,774,020
Debtors		4,965	-
Cash at bank and in hand		829	205
		3,712,686	2,774,225
Creditors: amounts falling due within one year		(3,766,313)	(2,873,783)
Net current assets (liabilities)		(53,627)	(99,558)
Total assets less current liabilities		(50,686)	(96,617)
Total net assets (liabilities)		(50,686)	(96,617)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(50,688)	(96,619)
Shareholders' funds		(50,686)	(96,617)

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 29 December 2016

And signed on their behalf by:
Paul Desmond McCauley, Director

LAKEDALE DEVELOPMENTS LIMITED Registered Number 04108814

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.
The company has taken advantage of the exemptions in Financial Reporting Standard No. 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

Turnover policy
Turnover is the total amount receivable by the company for goods supplied and services provided, excluding VAT and trade discounts.

Tangible assets depreciation policy
Depreciation is calculated to write down the cost or valuation less estimated residual value of all tangible fixed assets other than freehold land by equal annual instalments by reducing balance method over their expected useful lives. The rates and periods generally applicable are:
Furniture and equipment 15% on reducing balance.

2Tangible fixed assets

	£
Cost
At 1 April 2015	12,401
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	12,401
Depreciation
At 1 April 2015	9,460
Charge for the year	0
On disposals	-
At 31 March 2016	9,460
Net book values
At 31 March 2016	2,941
At 31 March 2015	2,941

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

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2